Perfios, a fintech company raises $70 Million from existing investors Warburg Pincus and Bessemer India. This Bangalore-based company intends to utilize the funds towards the expansion of its operations. This includes capital expenditure, financing acquisitions, and working capital requirements. With this round of investment, Warburg Pincus becomes the largest shareholder
Crypto Startup CoinDCX enters Unicorn Club with a $90 Mn Raise at a $1.1 Billion Valuation. It is the first Indian cryptocurrency startup to attain that status! Although the Indian cryptocurrency environment remains tumultuous, CoinDCX, a Mumbai-based company, raised $90 Million in its Series C funding round. The round was
Revenue-based financing or Royalty based financing is a form of financing provided to small or growing businesses in which investors inject capital into a business in return for a fixed percentage of ongoing gross revenues. The firms pledge a certain percentage of future ongoing revenues in exchange for money invested.
Micro, Small & Medium Enterprises play a crucial role in the Indian economy & have been growing at a significant pace. Although the penetration of technology & the internet among the MSMEs remains on the lower front. Bringing digital tools to the MSME ecosystem, Khatabook empowers these enterprises to transform
With the technological revolution, digital payments became frequent, and the onset of the pandemic accelerated this shift drastically. Fintech startups have gained a lot of traction over the last few years, with the Indian startup ecosystem making considerable strides in this regard. For established companies, making the digital transformation has
Implementation of technology has been extremely scarce in the banking sector, and with a $300-billion industry globally, investment in newer technologies has become a necessity to improve customer retention. The laggy system of the banks running on the age-old softwares such as Mainframes and Cobol, and the unsatisfactory experience for