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It has also raised its hard cap to Rs 3,500 crore following strong investor demand.
The funding round also saw participation from other existing investors Peak XV Partners, RTP Global, and Z47.
Fund III will invest across sectors, with a strong focus on consumer technology, fintech, and businesses leveraging artificial intelligence.
Nandan Nilekani will back F2A as an anchor investor, similar to his involvement with Fundamentum Partnership.
The funding round saw participation from Z47 (formerly Matrix Partners), RTP Global, and Fundamentum Partnership.
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.
The fresh capital will be used for TransBnk's expansion into Middle East and Southeast Asia.
The investigation revealed that the Probo platform defrauds its users by initially promoting a "deceptive image of a legitimate skill-based platform, only to ultimately exploit them through a betting mechanism..."
Flexiloans will use the fresh capital to boost its operations, improve product offerings and upgrade its infrastructure.
Stable Money is raising Rs 173 crore (around $20 million) in a round led by Fundamentum Partnership Fund, with participation from Z47, Lightspeed India...
