SaaS

SaaS Startup Vymo Raises $18 Mn Series B Funding

Vymo, a Bengaluru-based SaaS startup, has announced a fresh funding od USD 18 Million in a Series B round, which saw the investment being led by Emergence Capital, an enterprise cloud VC, along with existing investor Sequoia Capital India.

Source: INC42

 

Finance

Sequoia May Raise An Additional $200 Mn For Its Sixth Fund

VC firm Sequoia Capital India is reportedly looking to raise an additional USD 200 Mn for its Sixth Fund, which was closed almost a year ago.

Source: INC42

 

E-Commerce

Paytm Mall To Receive $160 Mn From eBay At Post-Money Valuation Of $2.86 Bn

E-Commerce company eBay has acquired a 5.5% stake along with announcing a strategic partnership with PayTM Mall in the Indian e-commerce marketplace. The investment is speculated to be around USD 150 Mn.

Source: INC42

 

Finance

Lending Startup Progcap Raises $5 Mn In Series A Funding Round Led By Sequoia

Progcap, a Delhi-based lending startup has raised USD 5 Mn in its Series A funding round. The funding round saw participation led by Sequoia India, along with MV Nair, chairman of CIBIL; Sandeep Tandon, co-founder of Freecharge with existing investors GrowX Ventures Fund and Somak Ghosh, co-founder of Yes Bank.

Source: INC42

 

NBFC

PayU invests Rs 50 crore in its lending unit

PayU Finance, the non-banking financial subsidiary of PayU payments, has received INR 50 Crores from its parent unit.

Source: ECONOMIC TIMES

 

FinTech

Singapore fintech startup Aspire bags $32.5m to strengthen local presence

Singapore-based fintech startup Aspire, which provides banking solutions to SMEs, raised USD 32.5 Mn in a Series A round led by MassMutual Ventures.

Source: TECH IN ASIA