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India Funding Roundup: PepperTap, Paytm, Inmobi, LoanCircle, Hugefly

India Funding Roundup: PepperTap, Paytm, Inmobi, LoanCircle, Hugefly

By Sriram Sharma | Updated: 30 September 2015 12:28 IST

PepperTap
Gurgaon-based hyperlocal grocery delivery service PepperTap announced Tuesday that it closed a Series B funding round of $36 million (roughly Rs. 237 crores). The latest funding round was led by Snapdeal, existing investors Sequoia India and SAIF Partners, with participation from new investors like Ru-net, JAFCO, and BeeNext, the company said.

Paytm
Chinese e-commerce giant Alibaba Group Holding Ltd and finance arm Ant Financial Services Group are injecting fresh capital into Paytm, India's largest mobile payment and commerce platform, in what the companies say is a "strategic" investment.

Inmobi
Mobile ad tech company, InMobi has reportedly raised $100 million (roughly Rs. 657 crores) in new debt from a group of lenders by US-based Tennenbaum Capital Partners. InMobi has reportedly used $40 million of this funding round to clear debt raised last year from Hercules Technology Growth Capital (HTGC).

Loancircle
Consumer lending marketplace Loancircle.in has raised an undisclosed amount in angel funding from Toppr.com co-founder Zishaan Hayath, Trifecta Capital MD Rahul Khanna, and other investors, VCCircle reported. The Bengaluru-based startup was founded in 2015 by Tanuj Mendiratta, Anubhav Jain, and Abhishek Arora, and claims to use over 1,000 data points, while evaluating a loan application.

Hugefly
Pune-based machine learning startup, Hugefly, which provides online search services to e-commerce firms, has raised an undisclosed amount of angel funding from Mayank Singhal, Director at Temasek Holdings' and others.

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