PlaySimple, in early 2015, had raised a total of $500,000 in its seed round from IDG Ventures. The mobile social gaming company was incepted in 2014 by four founders - Siddharth Jain, Preeti Reddy, Suraj Nalin and Siddhanth Jain.
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The latest funding will allow Zefo to diversify into new geographies and categories and extend its reach in existing categories. It will also use this fund to invest in technology and build a talent pool.
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This investment will support the rapid growth of Active.ai to continuously advance its cutting edge platform and to build out advanced AI features, enabling an increasing roster of clients to deliver a superior and engaging banking experience.
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“Paytm is doing phenomenal stuff in the offline commerce space, and we are very excited to join the team and build a platform that enables small retailers to ride the digital wave. Millions of retailers are using Paytm to accept payments today, and we're working hard to bring an entire suite of digital services to them."
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The fresh round of investment will help IFMR Capital grow its existing business and explore other opportunities across new products and sectors. Kabir Narang, Partner and Head of Technology & Financial Services at Eight Roads Ventures India will join the Board of IFMR Capital.
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ToneTag is a sound based proximity communication provider that enables contactless proximity payments, proximity communication, location based services and customer engagement services among a multitude of other solutions.
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The funds will be used to expand to regions witnessing a surge in interest for the sport, especially in Africa, Middle East and SEA countries such as Malaysia, Singapore, Indonesia, Thailand and Vietnam. GolfLAN’s maiden investment round of $ 1 mn in 2015 saw participation from YourNest and multiple angel investors.
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OnlineTyari was founded in 2014 by Vipin Agarwal and Bhola Ram Meena, both graduates of IIT Kanpur. They have have extensive technology and startup experience and have worked in an advisory role with the Government of India on the Digital India initiative.
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