The online money lending startup, Kissht, which is run by OnEMi Technology Solutions Pvt. Ltd. had announced yesterday (06/11/2017) that it had raised US $10 million (Rs. 67 crores) from Fosun International. Kissht’s existing investors such as Endiya Partners and Ventureast also participated in the round of funding. Read more on Investments
The Mumbai – based fintech startup will use the fund to expand its presence in India, strengthen its data science capabilities and build its engineering and analytics teams. During June this year (2017), the startup had raised US $2 million (around Rs. 13 crores) from Endiya and Ventureast.
Other fintech startups are also doing well and have raised funding from VC firms this year (2017). Lendingkart Finance Limited had raised US $10 million (INR 67 crores) debt fund from Kotak Mahindra Bank, Aditya Birla Financial Services and few other undisclosed investors during August, this year. Another fintech startup, Save Your Money (SYM), got aqui – hired by the healthcare technology company, Good Methods Global (GMG) during July this year. The fintech startup, MoneyTap had secured US $12.3 million in Series A round of from Sequoia Capital India during June, this year. The fintech startup, EarlySalary had secured US $4 million in Series A round of funding from IDG Ventures India Advisors during May, this year and finally the fintech startup, Aries Financial Technology Pvt Ltd., secured Rs. 25 crores in Series A round of funding from Blackstone group’s former PE business co-head, Mathew Cyriac and other investors during April, this year. Read more on Startup News