Overview of the Funding Round
FlexiLoans, a prominent digital non-banking financial company (NBFC) specializing in loans for micro, small, and medium enterprises (MSMEs), has successfully raised Rs 290 crore in its Series C funding round. This significant capital infusion was led by a consortium of global investors, including Accion, Nuveen, and Fundamentum, backed by Nandan Nilekani. Existing…
AppsForBharat, the company behind the popular devotional app Sri Mandir, has successfully raised $18 million in its Series B funding round. The investment was spearheaded by Nandan Nilekani’s Fundamentum, with additional support from Susquehanna Asia VC, as well as existing investors Elevation Capital, Peak XV, and Mirae Asset VC.
The fresh capital will be allocated to expanding the Sri Mandir…
At the Global Fintech Fest in Mumbai, Infosys co-founder and chairman Nandan Nilekani highlighted that startups leveraging India’s digital public infrastructure (DPI) are now valued at $100 billion. Nilekani emphasized that the development of Aadhar and the Unified Payments Interface (UPI) was designed to lay down foundational “rails” for private sector innovation.
“The estimated market…
Infosys co-founder and non-executive chairman Nandan Nilekani has highlighted the transformative impact of India’s digital public infrastructure (DPI) on the startup ecosystem, revealing that the value of startups built on this foundation exceeds $100 billion. Speaking at the Global Fintech Festival 2024, Nilekani emphasized the pivotal role that foundational technologies like the Unified…
