OkCredit raises $15.5 million from Tiger Global, othersOkCredit, which helps small- and micro-businesses maintain their books on smartphones, raised $15.5 million in series A funding round led by New York-based hedge fund Tiger Global that invested nearly $10 million, along with China’s early stage venture investor, Morningside Venture Capital, The Economic Times reported citing company’s top management. The fund plans to raise a $1 billion corpus to invest in operating roads, renewables and power transmission assets. Mint reported on 5 June, that the fund bought two transmission assets-- Darbhanga-Motihari Transmission Ltd and NRSS XXXI (B) Transmission Ltd, owned by ,Subhash Chandra-led Essel Infraprojects. Started by Greg Moran and David Back in 2013 in Bengaluru, Zoomcar has raised over $100 million in debt and equity funding till date. Drivezy, after an initial coin offering worth $5 million, raised around $40 million debt funding from investors such as Das Capital, Y Combinator and White Unicorn Ventures.

Source: Mint June 11, 2019 05:03 UTC