Khatabook lands $60 million financing
Digital credit ledger Khatabook has raised $60 million (about Rs 454 crore) in a fresh equity financing round led by B Capital Group, the investment firm founded by Facebook co-founder Eduardo Saverin.
The Series B round, which according to sources values Khatabook at between $275 million and $300 million, has also seen participation from a clutch of existing institutional investors, including Sequoia Capital, and Partners of DST Global, Tencent, GGV Capital, and RTP Global, along with a number of prominent angel investors. Read more.
Lendingkart raises Rs 319 crore funding
Digital lender Lendingkart Technologies said it has raised Rs 319 crore as part of its ongoing Series D round led by existing investors including Fullerton Financial Holdings, Bertelsmann India Investments, Sistema Asia Fund, and IndiaQuotient.
The company said it will use the funding to expand its lending base and further reach out to underserved micro, small and medium enterprises, and strengthen its technological and analytics capabilities. Read more.
Leap Club secures Rs 2.6 crore funding
Leap Club, a professional network focused on women, has raised Rs 2.6 crore from a group of investors including Whiteboard Capital, FirstCheque, and Pine Labs CEO Amrish Rau. Other investors include Artha India Ventures, Sweta Rau, founder of White Ventures, Deepak Abbot, former Paytm top executive, and Harpreet Singh Grover, co-founder at Co-Cubes. Read more.
Source: ET Tech