FinTech

Xtracap Fintech raises $1 million in angel funding
The startup had launched its mobile app – Bridge2Capital in October 2018 for small shopkeepers to receive limited loan amount to pay their GST supplier bills.

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TMT

Tring raises funds from Flipkart’s Kalyan Krishnamurthy, Udaan’s Sujeet Kumar, others
Celebrity engagement platform Tring said it plans to utilise the funds to expand the business, optimise technical operations and product, onboard more celebrities, and to introduce new user experiences to increase engagement on the platform.

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Funding

AngelList India head floats micro fund to invest in tech startups
Utsav Somani, the India head of US-based investment crowdfunding platform AngelList, said he has launched a micro fund, iSeed, to invest in technology startups.
 

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Others

Abu Dhabi's ADQ floats fund for early-stage businesses in India, Southeast Asia
State entity ADQ, formerly known as Abu Dhabi Developmental Holding Company, one of the region's largest holding companies, on Wednesday said it has launched a 1.1 billion UAE dirham (Rs 2,247 crore or $297 million at current exchange rate) fund to invest in early-stage businesses in India and Southeast Asia.
 

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