Author: hari
In a significant restructuring move, Juspay, a Bengaluru-based fintech firm, has spun off its mobility platform, Namma Yatri, along with other mobility apps, into a new entity named Moving Tech Innovations Ltd. This strategic initiative, announced in November 2023, marks a pivotal step in Juspay’s efforts to streamline its operations and enhance the scalability and efficiency of its mobility services. The new entity will focus on improving customer experience and sustainability, leveraging a model similar to the Unified Payments Interface (UPI).Juspay, widely recognized for its payment infrastructure solutions, has been a major player in the mobility sector with its popular…
M2P Fintech, a Chennai-based digital banking infrastructure startup, has raised Rs 35 crore in debt funding from Anicut Capital. This marks the first debt financing round for the company, which has been steadily growing its suite of financial products and services since its inception in 2014. The infusion of capital is expected to significantly enhance M2P’s operational capabilities and support its expansion plans.M2P Fintech, known for its comprehensive digital banking infrastructure, has made a strategic move to raise Rs 35 crore through the issuance of 350 non-convertible debentures (NCDs) at an issue price of Rs 10,00,000 each. The decision to…
WIZ Freight, a leading digital logistics startup based in Chennai, has successfully raised ₹125 crore in its Series B funding round. The funding, led by prominent investors including Tiger Global and SBI Investment, is aimed at expanding WIZ Freight’s global supply chain solutions and enhancing its digital logistics platform. This significant financial boost highlights the growing confidence in WIZ Freight’s innovative approach to logistics.WIZ Freight, founded in 2020, has quickly emerged as a game-changer in the logistics industry by leveraging technology to streamline supply chain operations. The recent Series B funding round saw participation from Tiger Global, SBI Investment, and…
kmspico_ Activate Microsoft Windows and Office products effortlessly! ✓ Download KMSPico now and enjoy full features with a 98% success rate. ➤ Get started today!