Gurgaon-based digital payments firm True Balance has raised $23 million in a bridge round from a clutch of foreign institutional investors. The company is now planning to offer multiple payment options, including bill payments and recharges. The move follows True Balance receiving a digital wallet license from the Reserve Bank of India.

(DealStreet Asia)

Online beauty retailer Nykaa has raised Rs.75 cr. (above $11 million) in its latest round of funding. The total capital raised by the firm stands at about Rs.255 cr. For Nykaa, a large part of the focus will be on expanding its offline presence from 17 stores currently to about 55 stores by FY19-end. The funds will also be used to enhance retail distribution so as to boost its private label, which currently forms less than 10% of the revenue pie.

(ET Tech)

Twitter Inc. co-founder Biz Stone has invested in his “personal capacity” in a Delhi-based health startup that uses an artificial intelligence-based bot in its app as he wants to contribute to a future where AI is seen as a “positive enhancement of humanity”. Visit is an on-demand healthcare service online platform which provides its users a pool of medical specialists and general physicians to choose from for consultation.

(Live Mint)

Before Harshil Mathur and Shashank Kumar started their payment gateway platform Razorpay, they had to hear the word ‘no’ from 100 bankers.  With $20 million in funding in a recent round, primarily from Tiger Global, they plan to double their 150-member team this year. The company has grown 1200% in terms of revenue in the past year and processes around eight lakh transactions daily.

(ET Tech)