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The funding round also saw participation from existing investor Bessemer Venture Partners.
The MoU will initially remain valid for three years and can be renewed through mutual agreement.
Bajaj Finance has been using TrueFan AI’s platform at scale to create millions of personalised videos for customer engagement and dealer communication.
The Bengaluru-based fund is targeting a corpus of Rs 150 crore, with a Rs 50 crore greenshoe option.
The funding round also saw participation from existing investors Together Fund and Array VC.
The funding round also saw participation from existing investors Arkam Ventures and Capital 2B.
The acquisition comes just months after C2i Semiconductors raised Series A funding led by venture capital firm Peak XV Partners.
The funding round also saw participation from India’s national badminton coach Pullela Gopichand, Darwinbox co-founder Rohit Chennamaneni, Swiggy co-founder Nandan Reddy and other angel investors.
PhonePe PulsePro metrics will be integrated into the PM GatiShakti National Master Plan portal.
The round also saw participation from existing investors Notable Capital, NEA, Neo Ventures and 8VC, along with new investors Acrew, Forerunner, Goodwater and Peak XV.
The funding round also saw participation from existing investors including Lightspeed India Partners and Burman Family Office, among others.
More than 65% of the commitments for the first close came from overseas Limited Partners (LPs), or investors.
The shares were acquired by a mix of domestic mutual funds, insurance firms and global institutional investors.
The stake sale attracted participation from several domestic and international institutional investors, with Axis Mutual Fund and Fidelity among the key buyers.
The funding round also saw participation from other existing investors Peak XV Partners, RTP Global, and Z47.
The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
The latest sale follows another transaction in June, when Peak XV divested 33.33 lakh shares of Go Digit for around Rs 100 crore.
The startup will use the fresh investment to expand its team in Bengaluru and London.
