Business, Investments

#Fundingwire: Razorpay Raises Funding from Mastercard and More


Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include Razorpay, Venture Catalysts and PressPlay. 

Razorpay Raises Funding from Mastercard

Mastercard Inc., one of the world’s largest payments networks, has invested in Razorpay Software Pvt Ltd. Razorpay authenticates and accepts payments made through credit, debit cards, Internet banking and digital wallets by providing a secure link between merchants and users.

Razorpay has previously raised $11.5 million in venture capital from marquee investors like Tiger Global, Matrix Partners and Y Combinator. Read More

Venture Catalysts Secures $500K from Zaffiro

Venture Catalysts, a Mumbai-based seed investment platform, has raised $500,000 from Zaffiro Ventures as it looks to expand its presence to Ahmedabad, Bengaluru, Delhi and Raipur among others in the next three years.

Venture Catalysts, founded by Anil Jain, Anuj Golecha, Apoorva Sharma and Gaurav Jain, had raised investments of Rs.75 lakh to Rs.1.5 crore in early stage start-ups in sectors such as Internet of Things, artificial intelligence, ad-tech, virtual reality, education, e-commerce and retail. Read More

PressPlay TV Closes Series A funding from Sequoia Capital

Delhi-based video discovery platform PressPlay TV has raised an undisclosed amount of fund in Series A round from Sequoia Capital, SD Ventures and Vistaar Investment advisors.

PressPlay TV was founded in August 2014 by ex-Zomato employees Anand Sinha and George Abraham. With 150 content partners and channels, it offers movies, TV shows, trending or viral internet videos across news, fashion, comedy and high quality curated content. It has one million monthly active users. Read More

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