Friday, March 01, 2024
Outlook.com
Outlook India
Outlook Business

Fundraise

The company intends to use the fund to deepen its market presence across various retailer marketplaces and OEM ecosystems

The bulk of the investment has come from Singapore-based Purple Stone Consulting which believes in Mobec’s idea for innovative and technologically led solutions

This funding will be utilised by CA Grameen to provide micro-loans to women borrowers from low-income households for income-generating activities, thereby promoting their access to formal financing

The company also plans to use the funds to foray into hyperlocal e-commerce through its new platform, pincode

PhonePe was acquired by Flipkart Group in 2016