Bridgeweave, a London based fintech has announced the addition of Gopinath Natarajan to its management team as Director, Solutions for Asia. Gopinath joins Bridgeweave following two years with Yes Securities, where he was responsible for Product & Investment Portfolios that spread across tech-led and traditional offerings. He managed a 50+ team across digital product initiatives,…
Pickrr, a Gurugram-based logistics technology startup, has raised $12 million in a Series B funding round led by IIFL Private Equity, Amicus Capital and Ananta Capital, according to PTI report. Existing investors Omidyar Network India and Guild Capital also participated in the funding round. The capital will be used for product development and expanding the…
Edtech major upGrad has closed a $185-million funding round at a valuation of $1.2 billion, thus entering the coveted unicorn club. Singapore’s Temasek Holdings Ltd, the World Bank’s International Finance Corporation and IIFL participated in the funding round. “We are pleased with the investor interest ever since we opened up for fundraise, and had our…
Quintype Technologies, a Bengaluru-based data-driven publishing platform for the mobile-first world, announced that it has raised Rs 25 crore in its Series A funding round from IIFL AMC, part of IIFL Wealth Management, as per ETtech report. Quintype will use the funds to further expand its operations and reach. “Digital publishing has seen a fundamental…
IIFL, India’s leading integrated financial services group, announced that IIFL Seed Ventures Fund II has invested Rs 50 crore in men’s grooming startup Happily Unmarried Marketing, which sells products online under the brand name of Ustraa. Post this funding, Happily Unmarried Marketing is valued at around Rs 220 crore. IIFL Seed Ventures Fund II, which…
IIFL, a leading financial services company in India, announced that it has launched an initiative to support fintech startups that are facing funding and growth challenges due to the COVID-19 pandemic. The initiative, named #IIFLDisrupt, will help fintech startups by providing funds, becoming their first client and giving access to mentors. “COVID-19 has disrupted the…