Deal Street: Binny Bansal Backs Online Insurance Startup, Flipkart Chief Invests In Moglix
Six startups, across sectors such as insurance and agriculture, raised nearly Rs 1,000 crore in venture capital funding last week.
- Flipkart Co-Founder Binny Bansal; RPS Ventures, which is managed by Kabir Misra, former managing partner at SoftBank; and Intact Ventures, the strategic venture arm of Intact Financial Corporation; are the new investors that participated in the round, the company said in a statement.
- startup Mswipe is raising $31.47 million (Rs 219 crore) in a fresh funding round from its existing investors, according to filings made with the Registrar of Companies.
- The company’s existing investors Accel, Chirate Ventures and Aavishkaar Bharat Fund also participated in this round, the company said.
- Vivriti Capital, which runs an online platform for institutional debt, raised $15.8 million (around Rs 110 crore) from existing investor Creation Investments, according to a company statement.