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Meghna Rao ยท ยท 1 min read

Funding roundup from India: itโ€™s all about how people are spending their money

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Indiaโ€™s got a lot of venture capital money flowing in. Today, with the action that ecommerce, payment wallets, and unsecured loans startups are getting, itโ€™s all about how people are spending their money.

Hereโ€™s todayโ€™s funding roundup:

Nykaa

Beauty and wellness ecommerce site Nykaa has raised US$9.5 million in a series B round led by the TVS Shriram Growth Fund. Other investors include Techpro Ventures and the family office of Atul Nishar and Harsh Mariwala.

IndiaLends

IndiaLends has raised a bridge round of US$1 million from existing investors. The round was led by Singapore-based DSG Consumer Partners. IndiaLends provides unsecured loans to help individuals and small businesses who would otherwise not be eligible.

Chillr

Money transfer app Chillr raised US$6 million in a series A round led by Sequoia Capital. The app allows people to transfer money to contacts in their phone books.

Voylla

Voylla, a fashion jewelry and accessories ecommerce site, has raised US$15 million from private equity firm Peepul Capital. It plans to use this latest funding to expand its offline presence and create 100 franchised and shop-in-stop stores.

Editing by Malavika Velayanikal

(And yes, weโ€™re serious about ethics and transparency. More information here.)

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Meghna Rao

From New York, in Bangalore for now.