CashFlo Raises $3.3 Mn In Series A Funding From SAIF Partners, Angel Investors

Mumbai-based lendingtech platform CashFlo has raised $3.3 Mn in Series A funding, founder and CEO Ankur Bhageria told Inc42 on Tuesday. The investment came in from SAIF Partners, and angel investors such as Ashish Iyer (previously Sr. Partner at BCG) and Arpan Sheth (partner and managing director, Bain & Co.) among others.

Source: INC42


Enterprise Tech

IndiaMART Leads $4.97 Mn Series A Funding In Vyapar

IndiaMART has invested in Bengaluru-based business accounting startup Vyapar’s Series A round. IndiaMART MD Dinesh Agarwal told Inc42 that the Noida-headquartered B2B e-commerce marketplace has invested in the accounting software startup. The investment finds relevance as it is one of the first investments of IndiaMART after going public in June 2019.

Source: INC42



Matrix leads first funding round in neo bank Yelo

New-age digital banking services provider Yelo has raised its first round of institutional funding from Matrix Partners India with participation from Omidyar Network Flourish VC and Better Capital, in the latest instance showing strong investor interest in what is being called neo-banking.




Wearable tech startup GOQii raises Rs 45 Cr from BCCL

Mumbai and Palo Alto-based wearable tech startup GOQii has raised over Rs 45 crore from Bennett Coleman and Company Ltd (BCCL), according to RoC filings accessed by YourStory. As per the filings, on August 26, the company issued five share warrants priced at Rs 9.1 crore each, along with one equity share of Rs 8,525, taking its total funding to Rs 45.50 crore.




Indonesian fintech firm Kredivo closes $20m credit line

Jakarta-based fintech firm Kredivo and US-based venture debt firm Partners for Growth V (PFG) closed a credit line of up to US$20 million to fund loans for the startup’s borrowers in Indonesia.



Online Marketplace

Sociolla nets $40m in series D round led by EV Growth, Temasek

Indonesia-based Social Bella, the owner of online beauty products marketplace Sociolla, has bagged US$40 million in a Series D round led by East Ventures’ EV Growth and Singapore government-owned Temasek.