Emerging Entrepreneurs

tracking deals

Our Bureau | Updated on January 15, 2018 Published on November 14, 2016

Capital First raises ₹340 crore



Capital First, a non-banking finance company specialising in MSME and consumer financing, has raised ₹340 crore from Caladium Investment Pvt Ltd, an affiliate of GIC, Singapore’s sovereign wealth fund. After this, Capital First’s total capital will increase to ₹3,263 crore. Capital First will allot on a preferential basis 47.80 lakh shares at ₹712.70 a share, including a premium of ₹702.70 a share, to Caladium. The fresh capital will aid in Capital First’s growth.

FreshDesk gets $55-m funding



Sequoia Capital India led a $55-million Series F round in FreshDesk, which offers a cloud-based customer support software. Existing investor Accel participated in this round. FreshDesk will use the money to strengthen two new products launched earlier this year and to grow the team. With this, FreshDesk has raised about $150 million in the last five years.

Mohandas Pai invests in ToneTag



ToneTag, a sound-based proximity payment company, has raised an undisclosed amount from a clutch of individuals, including TV Mohandas Pai, Chairman, Manipal Global Education. Those who participated in the fund raise include Arun Seth, Trustee, Nasscom Foundation; Anand Chandrasekaran, former Chief Product Officer, Snapdeal; Deepak Ghaisas, Chairman, Gencoval Strategic Services. ToneTag is creating a payment ecosystem that is completely digital and enables an inclusive financial environment for the mass. The company has partnered with major players in banking and wallet sectors to enable contactless digital transactions on mobile phones, card swiping machines, ATMs and other devices.

JustRide raises ₹20 crore

JustRide, a player in the self-drive car industry, has raised about ₹20 crore ($3 million) from YC Partners and global investors. It will use the money to bolster its car sharing platform JustConnect and Yabber, an IoT device for cars.

Warburg invests in Rivigo

Global private equity firm Warburg Pincus has invested nearly ₹500 crore ($75 million) in logistics company Rivigo, for a minority stake. This is the fourth and largest round of capital raised by Rivigo, with investors such as SAIF Partners and Singapore Post investing in previous rounds.

Active.ai receives $3 million

Active.ai, a Singapore based fintech start-up, has raised $3 million from IDG Ventures India and Kalaari Capital. Active.ai uses artificial intelligence to deliver virtual assistant banking services. It will use the money to advance its platform and build out advanced AI features. Our Bureau

Published on November 14, 2016
This article is closed for comments.
Please Email the Editor