SwitchOn secures pre-Series B funding led by IvyCap Ventures
The funding round saw participation from SIG Tattva and Trifecta Capital.
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The funding round saw participation from SIG Tattva and Trifecta Capital.
The funding round also saw participation from existing investors Cactus Venture Partners and India Alternatives.
Elevation Capital and Accel India participated in the investment round.
The funding round saw participation from new investors such as Hero Investment Office, 35 North Ventures, Indusbridge Ventures, and Monarch Holdings
The funding round saw participation from Bain Capital Ventures, Fidelity Management & Research Company, Tiger Global, and existing investors Benchmark and Conviction.
The Bengaluru-based startup will use the fresh capital to expand into other areas of financial services such as insurance distribution, UPI payments, and business loans.
This funding round comes less than a year after it had attracted $60 million led by Kedaara Capital in April last year.
The funding round saw participation from Prosus, Lightspeed, Together, and Y Combinator.
The deal comprises a mix of primary and secondary capital.
The fresh capital will be used for TransBnk's expansion into Middle East and Southeast Asia.