With ₹10 crore coming in, the company is aiming to strengthen its presence in South India.
The proceeds of this new round will go into hiring team members and expanding hospital network on the platform.
Titan has invested in Singapore-based CoveIoT as a part of its efforts to build and expand its presence in the smartwatch, wearables and IoT space.
Paytm has now integrated BHIM UPI on its platform as it looks to double the monthly users on its platform.
As a part of the agreement, Ola will now Microsoft as its preferred cloud provider and will utilize Microsoft Azure to power Ola Play.
Within just two days of launch, Paytm says that Paytm Inbox has received 3 million users and reported 15 million message exchanges.
The raised money will be used to cater to new industry verticals within the small and micro sector as well as expand to other areas in the country.
The funding will be used to hire new engineering and analytics teams as well as to expand its presence across India.
The company is expected to raise another funding round soon for expanding its business.
The funding will be used to expand its team as well as to expand its operations in the US.