Tagged: india

India Update: Delhi-Based Fintech Creditnation.in Raises Angel Round Funding, Sequoia Closes $920M Fund

creditnation.in

Creditnation.in, a lending platform which combines credit advisory, analytics, process automation and last-mile connectivity, has announced that it has raised angel round funding for an undisclosed amount.  The platforms deals primarily in credit cards, loan against property, housing, personal, auto and business loans, and have already partnered… Read More

Pan Asian Platform Fundnel Partners with Anthill Ventures in India

Kelvin Lee

Fundnel, an investment crowdfunding platform that has taken a regional approach to raising capital, has formed a partnership with Anthill Ventures – a venture group and “speed scaling firm” based in India.  Startups graduating from the Anthill program will be migrated to the Fundnel platform… Read More

Moody’s: Securitization Provides Alternative Financial Solutions for Indian and Chinese Financial Systems

Courtesy ptmoney.com

Moody’s Investors Service avers that the development of domestic securitization markets will help India and China achieve their common goal of building inclusive financial systems that will ultimately bring affordable credit to the underprivileged segments of their societies and which are usually excluded from the conventional banking… Read More

Reserve Bank of India is Actively Studying Peer to Peer Lending

R Gandhi

Like the rest of the world, India is moving forward with new forms of finance. Last month, the Securities and Exchange Board of India stated it would reveal crowdfunding norms “soon”.  Now at a conference taking place in Mumbai, R. Gandhi, deputy governor of the Reserve Bank of… Read More

Crowdfunding Norms Coming Soon To India; Sale Of Mutual Funds Through E-Commerce Platforms Under Discussion

U_K_Sinha

In India, crowdfunding norms will soon be put into place to help entrepreneurs raise funds through crowdfunding, and discussions are underway to allow sale of mutual funds through e-commerce platforms, announced U. K. Sinha, chairman of India’s capital markets regulator, the Securities and Exchange Board of India (SEBI),… Read More

Brief: Government of Gujarat Debuts India Civic Crowdfunding Platform “Fund for Unity”

Statue of Unity

Fund for Unity, a civic crowdfunding platform that facilitates public funding and participation in community development projects, has been launched by the government of Gujarat on October 31st as a step towards the envisaged icon based development of the Narmada district in Gujarat. The website was made available… Read More

ORIGA Leasing Secures over $1M; ah! Ventures & 500 Startups Lead Round for Indian Alternative Financing Ecosystem

ah! ventures

Founded by Shrirang Tambe in May 2013, ORIGA Leasing was launched with a core philosophy of ‘Access to Finance.’  The company provides alternative financing through its asset leasing solutions to high growth companies across segments such as healthcare, sanitation, waste management, alternative energy, manufacturing and service oriented… Read More

Y Combinator Alum Razorpay Secures US$9M Series A, Led by Tiger Global and Matrix Partners

Harshil Mathur

The Indian fintech platform Razorpay has raised US$9 million in Series A funding led by leading VC firm Tiger Global, with participation from existing investor Matrix Partners, according to a release.  Including its US$2.5M seed funding round, the company’s total fundraise to date is US$11.5 million.  Funding will be used to build Razorpay’s product and… Read More

Brief: Bondora Opens European Personal Loan Marketplace Platform to U.S. Accredited Investors

Bondora Management

Bondora, a pan-European marketplace lender, opens to accredited investors from the United States, Canada, Mexico, Brazil, South Africa, India, Hong Kong, Singapore, Japan and Australia. The platform now allows global accredited investors to invest directly into personal unsecured loans across three European markets including Spain,… Read More

Faircent Reportedly Raises Undisclosed Amount From Aarin Capital, Fund Led By Infosys’ Former CFO T.V. Mohandas Pai

mohandas pai

Peer-to-peer lending platform Faircent has raised an undisclosed amount of funding from Aarin Capital, a fund led by Infosys’ former CFO and chairman of Manipal Global Education T.V. Mohandas Pai, according to the Economic Times’ ET Tech, citing people aware of the development. Pai will also join the… Read More

Your Car, But Smarter: Exploride, A Heads-Up Car Display, Wraps Up Abundantly Funded Indiegogo Campaign

exploride story

In one of India’s biggest crowdfunding success stories, smart gadget Exploride just wrapped up its abundantly funded crowdfunding campaign on Indiegogo, raising $521,546–512 percent of its original fundraising goal. Exploride is a clear glass heads-up display with gesture and hands-free voice controls, designed to work with any… Read More

IndiaLends Taps $1M from DSG Consumer Partners, Siddharth Parekh and Gautham Radhakrishnan for Online Marketplace

Flag_of_India

IndiaLends, a credit and financial technology startup based in New Delhi, has closed a $1M bridge round led by existing investors DSG Consumer Partners, Siddharth Parekh and Gautham Radhakrishnan. IndiaLends was cofounded by Gaurav Chopra, who has an MBA from the London Business School, and Mayank Kachhwaha, who graduated from IIT… Read More

Simplifying Money: Sequoia Capital Leads $6M Funding Round for Chillr, Indian Mobile P2P Fintech Platform

chillr

Fintech innovation in India is burgeoning!  Indian  Chillr, an Indian peer-to-peer (P2P) mobile money transfer app that spun off from MobME, secured US$6 million in a Series A round funding led by trailblazing Sequoia Capital, according to e27‘s Sainul Abudheen K. Run by Kochi-based startup Backwater Technologies, Chillr plans… Read More

Fintech Innovation and Alternative Lending Companies on the Rise in India; LoanCircle, Instapaisa & Instakash Lead the Way

India Flag

In late August, India’s banking industry came together for the FICCI’s FIBAC 2015 Conference, discussing regulation in the country’s burgeoning online finance space,  particularly within crowdfunding and peer to peer lending.  SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulations in the Economic… Read More

Singapore’s Temasek Holdings in Talks with India’s Zomato: New Funding Needed for Expansion of Online Restaurant Review and Food Ordering Platform

Deepinder Goyal

It’s meal time, a time when Zomato’s site is likely swarmed with hits.  If you are not yet familiar with Zomato, click here to see if the platform services your city. From Vancouver to Auckland, Zomato is used by millions of hungry people every day to decide… Read More

Deputy Governor of Reserve Bank of India Calls for More Regulation with Internet Finance

S S Mundra

Speaking at the annual FBIC Conference that is taking place this week in Mumbai, SS Mundra, Deputy Governor of the Reserve Bank of India, called for more regulation in the burgeoning online finance space – including crowdfunding and peer to peer lending. “Crowdsourcing and peer… Read More

P2P Lending Marketplace Update: India’s Faircent Signs with TransUnion

Faircent founders

Indian P2P lending marketplace Faircent.com signed data and solutions initiatives with global risk and information solutions provider TransUnion, for real-time credit appraisal of borrowers, reported the Economic Times. According to the post, Faircent is the first P2P lending marketplace to leverage TransUnion’s capability in data, analytics… Read More

India-based Orios Venture Partners Launches US$150M Fund to Focus on Fintech, B2B Commerce & Used Merchandise

Flag_of_India

Orios Venture Partners, an India-based early-stage VC firm floated by serial investor Rehan Yar Khan, announced a new US$150 million fund according to e27. The new fund (Fund II) will primarily focus on startups working in the fintech, B2B commerce, used merchandise and affordable products spaces, as well… Read More

Brief: India’s Crowdfunding Platform Ketto Captures Over $700,000 During Latest Funding Round

Ketto

On Wednesday, India’s crowdfunding platform, Ketto Online Ventures Private Limited, announced that it has received over $700,000 during its latest funding round. Ketto, which was founded by Varun Sheth, Kunal Kapoor and Zaheer Adenwala in October 2012, is described as a crowdfunding space to campaign for social causes, NGOs,… Read More