PayU india plans a revenue of ₹650 crores in FY18
PayU India has set a target of generating ₹650 crores ($100 million) in revenue this financial year.
Paytm raises ₹9000 Crores from Softbank at over $8 billion valuation
SoftBank has invested ₹9000 Crores ($1.4 Billion) in Paytm at a valuation over $8 Billion. The Japanese firm now owns around 20% of Paytm.
Mumbai based PaySense raises ₹35 Crores
PaySense, Mumbai based Fintech startup providing micro loans to customers, has raised ₹35 crores from Jungle Ventures, Naspers Group and Nexus Venture Partners.
Telr raises ₹20 crores Series B from Investment East
Telr, Singapore headquartered online payment service startup has raised ₹20 crores from Investment East. The funds will be used in technology & expansion.