The Indian Wire » Startups » Fintech startup DIPL raises ₹5.75 cr from US-based investment group IC1101 via Horse Stable platform
Startups

Fintech startup DIPL raises ₹5.75 cr from US-based investment group IC1101 via Horse Stable platform

DIPL (Digital India Payments Ltd), a digital transaction enabler, has raised ₹5.75 crore from an alien investment group IC1101. The company DIPL raised the funding after participating in Horses Stable, the Indian adaptation of American television show Shark Tank, cited VCCircle.

The IC1101 is a US-based investment group.

Prashant Agarwal, founder at Horses Stable said that the platform screened over 200 applicants and chose 39 startups to present their products to a select group of investors.

Around 18 companies bagged funding from the investors, with DIPL getting the biggest cheque, according to Agarwal.

Other startups that received funding include Mitra Robot, a robotics startup which raised funding from ITI Growth Opportunities, IC1101, Windrose Capital and angel investor Kevin Saboo.

The startups that participated in the platform work in sectors such as pharmaceuticals, financial technology, consumer products, business-to-business and business-to-customer.

Some of the significant fintech startups under the similar roof, however, with dissimilar objective include CRIDS, Aye Finance, Groww, OkCredit, Udaan and among others.

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