Optiemus Electronics Limited (OEL) appoints A Gururaj as Managing Director technuter.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from technuter.com Daily Mail and Mail on Sunday newspapers.
FamPay, a fintech aimed at teens in India, raises $38 million
How big is the market in India for a neobank aimed at teenagers? Scores of high-profile investors are backing a startup to find out.
Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. General Catalyst, Rocketship VC, Greenoaks Capital and existing investors Sequoia Capital India, Y Combinator, Global Founders Capital and Venture Highway also participated in the new round, which brings FamPay’s to-date raise to $42.7 million.
The size of the new investment makes it one of the largest Series A rounds in India. TechCrunch reported early this month that FamPay was in talks with Elevation Capital to raise a new round.
Fintech startup FamPay, which offers payments and financial services to teenagers, has raised $38 million in a Series A funding round at a valuation of $150-170 million.
ANRA Technologies and Swiggy Make History by Launching First End-to-End BVLOS Drone Delivery Trials in India suasnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from suasnews.com Daily Mail and Mail on Sunday newspapers.
IIT ROORKEE ESTABLISHES A DEPARTMENT OF DESIGN indiaeducationdiary.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaeducationdiary.in Daily Mail and Mail on Sunday newspapers.