Deal Street: Binny Bansal Backs Online Insurance Startup, Flipkart Chief Invests In Moglix
18 March 2019 7:02 AM GMT
Six startups, across sectors such as insurance and agriculture, raised nearly Rs 1,000 crore in venture capital funding last week.
- Flipkart Co-Founder Binny Bansal; RPS Ventures, which is managed by Kabir Misra, former managing partner at SoftBank; and Intact Ventures, the strategic venture arm of Intact Financial Corporation; are the new investors that participated in the round, the company said in a statement.
- startup Mswipe is raising $31.47 million (Rs 219 crore) in a fresh funding round from its existing investors, according to filings made with the Registrar of Companies.
- The company’s existing investors Accel, Chirate Ventures and Aavishkaar Bharat Fund also participated in this round, the company said.
- Vivriti Capital, which runs an online platform for institutional debt, raised $15.8 million (around Rs 110 crore) from existing investor Creation Investments, according to a company statement.
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