Digital payments startup ToneTag closes $78 million funding round

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Bengaluru-based ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-payments” target=”_blank”>digital payments startup ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tonetag” target=”_blank”>ToneTag has secured $78 million in a fresh funding round from stock market veteran Ravi Dharamshi’s private equity fund ValueQuest Scale Fund and venture fund Iron Pillar. Existing investor Elevate Capital has also participated in the round.

Iron Pillar is an investor in startups like BlueStone, CureFoods and others.

Speaking with ET, Kumar Abhishek, founder of ToneTag said that the round is a mix of primary and secondary capital, but declined to offer the details around who sold their shares in this round.

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Digital payments startup ToneTag closes $78 million funding round


Bengaluru-based ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-payments” target=”_blank”>digital payments startup ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tonetag” target=”_blank”>ToneTag has secured $78 million in a fresh funding round from stock market veteran Ravi Dharamshi’s private equity fund ValueQuest Scale Fund and venture fund Iron Pillar. Existing investor Elevate Capital has also participated in the round.

Iron Pillar is an investor in startups like BlueStone, CureFoods and others.

Speaking with ET, Kumar Abhishek, founder of ToneTag said that the round is a mix of primary and secondary capital, but declined to offer the details around who sold their shares in this round.

In…



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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