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Singapore-based Temasek and PayPal Holdings, a global technology platform and digital payments leader, have together invested about ₹815 crore ($125 million) for a minority stake in Pine Labs, a leading digital retail payments platform. Pine Labs will use the money to speed up its growth.
Locus raises ₹26 cr in pre-Series B
Logistics optimisation platform Locus has raised about ₹26 crore ($4 million) in a pre-Series B round from Rocketship, Recruit Strategic Partners, pi Ventures and Hemandra Kothari of DSP Group. Existing investors Blume Ventures, Exfinity Venture Partners, BeeNext and growX Ventures participated in this round. The company will use the money to build IP and for global expansion.
CredRight secures ₹9-cr funding
Accion Venture Lab, a seed stage investor, YourNest, an early stage venture capital fund and a few prominent angel investors have collectively invested ₹9 crore in Hyderabad-based fintech start-up CredRight. The company is a data driven lending platform that provides credit to unserved and under-served micro, small and medium enterprises. CredRight will use the money to grow the team, invest in technology and expand operations.
₹3.25-cr funding for Hey Deedee
Hey Deedee, an all-women last mile logistics services company, has raised about ₹3.25 crore ($500,000) from Metaform Ventures LLC. It will use the money to expand its services and build technology. The company intends to grow from four cities to 10 cities in 2018.
Myforexeye receives ₹3.5 crore
Myforexeye, a forex services company, has raised ₹3.5 crore ($500,000) in a bridge round from InRhythm Energy Ltd, the Indian arm of InRhythm Inc of the US. It will use the money to improve technology, introduce new products and expand across the country.
Menterra invests in FarmFolks
Menterra Social Impact Fund, an impact focussed venture capital fund, has invested an undisclosed amount in FarmFolks Pvt Ltd. Artha Venture Challenge, an impact investment initiative of the Singh Family Foundation, has co-invested in the company. Our Bureau
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