People with knowledge of the matter said that the company has raised $20 million (Rs 127 crore) from existing investor Tiger Global Management.
Music-streaming company Saavn has raised $100 million in funding led by Tiger Global Management as it prepares to launch a video service.
Meru also introduced a zero-click option, where the amount will be directly debited from mobile wallets.
Financial technology, ranging from online wallet service players like PayTM and MobiKwik to payment companies Citrus and Billdesk, has been on the investor radar for some time now.
Amazon is an innovative company that perceives consumer needs and innovates on their behalf.
The firm was founded by Anurag Srivastava and Amit Anand with a $10 million seed-to-early stage fund. It is currently raising a second fund.
Zoomo, a marketplace that enables buyers and sellers of used cars to connect directly, has raised Rs 32 crore from SAIF Partners in its first major round of funding.
The startup, founded by three IIT Delhi classmates, provides an energy management product that helps building managers save more than 10% on their cost.
TA Associates and India Value Fund Advisors are pumping around Rs 3,200 Atria Convergence Technologies Pvt Ltd, which provides high-speed broadband services in South India.
The Bengaluru-based startup has developed software to solve the overstocking and stockout situations in the retail industry, which it pegs as an $800 billion problem.
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