India’s Razorpay becomes unicorn after new $100 million funding round

India’s Razorpay becomes unicorn after new $100 million funding round

Bangalore-headquartered Razorpay, among a handful of Indian fintech startupsthat has shown sped up development recently, has actually joined the desirable unicorn club after raising $100 million in a brand-new financing round, the payments processing start-up said on Monday. The brand-new financing round, a Series D, was co-led by Singapore’s sovereign wealth fund GIC […]
The new round valued the start-up at “a little bit more than$ 1 billion,”co-founder and primary executive Harshil Mathur told TechCrunch in an interview. There were extremely few payment processing firms in India then, and startups needed to produce a long list of documents. Some of Razorpay’s customers consist of budget plan accommodations decacorn Oyo, fintech firm Cred, social huge Facebook, e-commerce Flipkart, top food delivery startups Zomato and Swiggy, online knowing platform Byju’s, supply chain platform Zilingo, travel ticketing companies Yatra and Goibibo, and telecom giant Airtel. The start-up anticipates to process about$25 billion in transactions– up 5 times from last year– for almost 10 million of its customers this year, stated Mathur. The start-up, which aims to work with more than 50 million businesses by 2025, might also acquire a few firms as it explores chances around inorganic expansion in the neo-banking classification, said Mathur….

Indian mobile gaming platform Mobile Premier League raises $90 million

Indian mobile gaming platform Mobile Premier League raises $90 million

Mobile Premier League( MPL)has raised $90 million in a new financing round as the two-year-old Bangalore-based esports and mobile gaming platform shows fast-growth and wants to expand beyond India. SIG, early-stage
tech financier RTP Global and MDI Ventures led MPL’s $90 million Series C funding round, with participation from existing financiers Sequoia India, […]
SIG, early-stage tech investor RTP Global and MDI Ventures led MPL’s$90 million Series C funding round, with participation from existing financiers Sequoia India, Go-Ventures and Base Partners. The new financial investment brings MPL’s to-date raise to$130.5 million. Rogue Break-in, India’s extremely own multi-player shooter video game, coming soon on MPL! Sai Srinivas, co-founder and primary executive of Mobile Premier League, told TechCrunch in an interview that the brand-new financing round confirms that esports is here to remain and it is starting to see its e-commerce minute. The start-up likewise prepares to expand its video gaming brochure and use more marketing support to third-party developers, who currently either sell licenses to MPL or work through a revenue-sharing contract with the Indian startup….

Singapore’s trade finance start-up Incomlend raises $20M led by Sequoia Capital India

Singapore’s trade finance start-up Incomlend raises $20M led by Sequoia Capital India

Incomlend, a Singapore-headquartered start-up that operates a trading platform to connect exporters and importers with investors, has actually raised$20 million in a brand-new funding round, it said on Tuesday. Sequoia India, the India and SEA investment arm of the storied U.S.-headquartered venture company, led the Series A round in four-year-old Incomlend. The CMA CGM Group, […]
Singapore’s trade finance start-up Incomlend raises $20M led by Sequoia Capital India …