Mumbai-based online fraud detection platform IDfy is raising INR 16 Cr (nearly $2.1 Mn) in debt from existing investors Millenna FVCI III, NB Ventures and Dream Incubator as a part of its Series A funding round. IDfy’s parent company Baldor Technologies Private Limited is proposing to allocate 2,50,270 Series A CCD of a face value of INR 640 for a total aggregate subscription amount of up to INR 16,01,70,800. The board has approved the issue on preferential basis through private placement in a meeting held through private placement.
Online Fraud Detection Startup IDfy Bags $2 Mn From Existing Investors
Date posted: Friday 28 August 2020