The company said funds will be allocated to develop advanced services for Direct-to-Consumer brands and enhancing it express delivery network.
The round also saw participation from existing institutional investors, Altair Capital and Exacta Capital Partners.
The company will use the freshly raised investments to scale up its operations, mainly focusing on expanding its supply arm, enhancing its technological infrastructure.
Strap- Digital adoption surges in B2B/B2C markets globally. To stay competitive, businesses embrace SaaS in current economic climate for cost optimisation.
On Monday, the ministry sought to expedite the inspection and submission of the report regarding BYJU's. Specific details about the inspection could not be immediately ascertained.
Pocket UPI safeguards users from compromised transactions and financial fraud by transferring funds from the MobiKwik Wallet rather than their bank account.
Former chairman of SEBI M Damodaran, head of advisory committee set up by One97 Communications said they have been engaging with the group on matters relating to the Advisory Committee's terms of reference.