Online financial services portal Policybazaar, run by EtechAces Marketing and Consulting Pvt. Ltd, has raised Rs.500 cr., roughly $75 million, at a valuation of $500 million from new and existing investors. At least three new investors including True North and IDG Venture Partners have come on board.
New-generation micro-lending company Satya Micro Capital has raised Rs.16 cr. in equity financing from Dia Vikas Capital, a subsidiary of Opportunity International Australia. The lending company plans to utilize the funds to expand operations over 35 districts across seven states in the current fiscal.
Hyderabad-based on-demand ambulance service StanPlus has raised $1.1 million from Kalari Capital’s seed fund Kstart and INSEAD Angels Asia. The company will use the funds to expand the network of ambulances and expand to more geographies, besides adding technology features to its fleet.
Hyderabad-based edtech startup UCLID EduLabs Pvt. Ltd has raised a Seed funding round of $235K from a bunch of US-based investors at a valuation of over $1 million. UCLID is currently running in the alpha mode with services in Hyderabad and will make a global beta launch in April 2018.
Mid-stage private equity firm Gaja Capital has led Rs.96-cr, round of funding in Visage Holdings and Finance, which owns and operates nonbanking finance company (NBFC) Kinara Capital, striking its second deal in the broader financial services sector in the process.