Cashfree Payments: Cashfree secures $53 million from Krafton, Apis Partners

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Online merchant payment startup Cashfree Payments has secured $53 million in a fresh equity funding round led by South Korean entertainment company Krafton along with participation from existing investor Apis Partners, which is a UK-based private equity fund.Krafton, which is well known for publishing the popular video game PUBG, has invested in multiple Indian startups like Kuku FM, Pratilipi and others, but this is their first fintech investment in India.

The last major funding round raised by Y Combinator-backed Cashfree was in 2021 when it had…



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Cashfree Payments: Cashfree secures $53 million from Krafton, Apis Partners


Online merchant payment startup Cashfree Payments has secured $53 million in a fresh equity funding round led by South Korean entertainment company Krafton along with participation from existing investor Apis Partners, which is a UK-based private equity fund.Krafton, which is well known for publishing the popular video game PUBG, has invested in multiple Indian startups like Kuku FM, Pratilipi and others, but this is their first fintech investment in India.

The last major funding round raised by Y Combinator-backed Cashfree was in 2021 when it had…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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