Wednesday, July 24, 2024
Outlook India
Outlook Business

Series C Funding

Murali Nair was previously president of banking for India at Zeta and has held leadership positions in client relationship management at Visa and market development at Mastercard, etc.

The company plans to use recently acquired funds to improve product offerings, boost user acquisition, and expand services on its hub routes.

Existing investor WestBridge Capital also participated in the round

The company has plans to utilise the funds to advance manufacturing capabilities

The fresh capital will be used to ramp up product innovation, enhance the technology stack and scale user acquisition efforts

Mintifi will utilise the newly-generated fund to expand its footprint in multiple sectors

The company raised $8 million in a Series B venture round led by Bill and Melinda Gates Foundation SIF in 2018

Elevation Capital and Elevar Equity together hold 50 per cent stake in the start-up