Tech Financing in India this week – Fintech startups like Kissht offer easy online and offline payment options

Photo from Kissht Twitter page

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.

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Healthtech startup Grow Fit raises USD 4.5 million for Series A

Photo from Groupon

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.

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Fintech startup MoneyTap raises USD 12.3 million from Sequoia India

Photo from Flickr

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.

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Mega e-commerce app Goodbox raises USD 1 million from Nexus and Mekin Maheshwari

Photo from Flickr

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.

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Mobile POS startup Mswipe closes USD 31 million for Series D

Photo from Pixabay

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.

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AI-powered cloud based product discovery startup Unbxd raises USD 12.5 million

Photo from Flickr

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.

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Cloud based HR SaaS startup Darwinbox secures USD 4 million for Series A

Photo from iyiou.com

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.

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AI based fashion startup Fabulyst raises USD 216,000 seed round

Photo from Flickr

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.

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Computing language provider Julia Computing attracts USD 4.6 million in seed round

Photo from Freevideolectures.com

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.

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(Top Photo from Kissht)

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AllTechAsia is a startup media platform dedicated to providing the hottest news, data service and analysis on the tech and startup scene of Asian markets in English.
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