Mastercard, ACPL Invest In Digital Identity Solutions Startup Syntizen
Hyderabad-based digital identity solutions provider Syntizen has raised an undisclosed amount of Pre-Series A funding from global payments technology company Mastercard and biometric solutions provider ACPL.
Chiratae Ventures To Back Early-Stage Startups With USD 35 Mn Seed Fund
As seed-stage funding in India has been gaining momentum with various players joining the race, Chiratae Ventures, too, is reportedly launching a USD 35 Mn seed fund to focus on such early-stage investments. The average ticket size for investments through the fund would be between USD 500K to USD 1 Mn.
Lightbox Ventures Makes Final Close Of Its Third Fund At USD 209 Mn
Mumbai-based VC Lightbox Ventures has closed its third India-focused investment fund at USD 209 Mn with the participation of 28 investors, according to a regulatory filing. The fund’s closing amount is slightly higher than the fund’s initial target of USD 200 Mn.
Microlenders Satya MicroCapital and Light Microfinance have raised debt capital from common foreign and domestic lenders. Satya MicroCapital mobilized USD 7 million (INR 49.8 crore) while Light Microfinance mopped up USD 5 million by issuing non-convertible debentures to Mauritius-based Aviator Global Investment Fund and Indian debt platform Northern Arc Capital.
Former TCS, Tech Mahindra CEOs log into jobs marketplace GigIndia
GigIndia, a technology platform that helps students find part-time jobs, has raised funding from a clutch of technology industry veterans including former Tata Consultancy Services Ltd CEO S Ramadorai.