Our weekly column summarizes the tech financing highlights in India this week.
Fintech has been popular with India’s investors this week. Three fintech companies namely Mswipe, Kissht and MoneyTap have attracted lots of funds from these investors. Ratan Tata, the former chairman of Tata Sons, also joined investing in this sector. The ease of mobile payments and personal loans that these startups provide to both businesses and customers prove to be successful, and now these fintech startups have gained much needed financing for expansion.
FinTech startup Kissht raises USD 2 million in undisclosed financing round
Kissht
Founders: Krishnan Vishwanathan
Founded in: 2015
Financing status: 2017 undisclosed financing round of USD 2 million
FinTech startup Kissht on Thursday raises USD 2 million in undisclosed financing round.
Healthtech startup Grow Fit raises USD 4.5 million for Series A
Grow Fit
Founders: Jyotsna Pattabiraman
Founded in: 2015
Financing status: USD 4.5 million Series A round in 2017
Healthtech startup Grow Fit on Wednesday raises USD 4.5 million for its Series A round to integrate different sources of data from wearable technology to medical reports.
Fintech startup MoneyTap raises USD 12.3 million from Sequoia India
MoneyTap
Founders: Bala Parthasarathy, Anuj Kacker and Kunal Varma
Founded in: 2015
Financing status: USD 12.3 million Series A round in 2017
Fintech startup MoneyTap on Monday raises USD 12.3 million for its Series A round to expand its consumer credit line in India.
Mega e-commerce app Goodbox raises USD 1 million from Nexus and Mekin Maheshwari
Goodbox
Founders: Abey Zachariah, Mayank Bidawatka, Nithin Chandra, Mohit Maheshwari, Anand Kelaginamani, Charan Shetty, and Mahesh Herle
Founded in: 2014
Financing status: USD 1 million Series B round in 2017
Mega e-commerce app Goodbox on Monday raises USD 1 million for its Series B round.
Mobile POS startup Mswipe closes USD 31 million for Series D
Mswipe
Founder: Manish Patel
Founded in: 2011
Financing status: USD 31 million Series D round in 2017
Mobile POS startup Mswipe on Wednesday closes USD 31 million for its Series D to develop its network of merchants accepting digital payments in the country.
AI-powered cloud based product discovery startup Unbxd raises USD 12.5 million
Unbxd
Founders: Pavan Sondur, Prashant Kumar
Founded in: 2011
Financing status: USD 12.5 million Series C round in 2017
AI-powered cloud based product discovery startup Unbxd on Monday raises USD 12.5 million in its Series C round to enhance Unbxd’s proprietary Intelligence Engine.
Cloud based HR SaaS startup Darwinbox secures USD 4 million for Series A
Darwinbox
Founders: Jayant Paleti, Rohit Chennamaneni and Chaitanya Peddi
Founded in: 2015
Financing status: USD 4 million Series A round in 2017
Cloud based HR SaaS startup Darwinbox on Tuesday secures USD 4 million for its Series A round to make product innovation and market expansion.
AI based fashion startup Fabulyst raises USD 216,000 seed round
Fabulyst
Founders: Komal Prajapati, Vikas Jethnani, Vishal Chitravanshi and Raj Parakh
Founded in: 2016
Financing status: USD 216,000 seed round in 2017
AI based fashion startup Fabulyst on Wednesday raises USD 216,000 for its seed round to develop its technology and acquire global customers.
Computing language provider Julia Computing attracts USD 4.6 million in seed round
Julia Computing
Founders: Viral Shah, Deepak Vinchhi, Keno Fischer, Alan Edelman, Jeff Bezanson, Stefan Karpinski
Founded in: 2015
Financing status: USD 4.6 million for seed round in 2017
Computing language provider Julia Computing on Thursday attracts USD 4.6 million in seed round for its product development and customer support enhancement.
(Top Photo from Kissht)
