Digital payment company Easebuzz bags $30 million lead by Bessemer

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Pune-based digital payments player Easebuzz has raised Rs 240 crore ($30 million) in a funding round led by Bessemer Venture Partners. The round saw the infusion of Rs 200 crore in primary capital and Rs 40 crore in secondary capital.

In a secondary deal, shares are sold by older investors and the money does not get infused into the company.

This is the first major venture round for the payments firm, which last raised equity funding of Rs 34 crore ($4 million) in 2021.

Speaking with ET, Rohit Prasad, managing director, Easebuzz, said that existing…



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Digital payment company Easebuzz bags $30 million lead by Bessemer


Pune-based digital payments player Easebuzz has raised Rs 240 crore ($30 million) in a funding round led by Bessemer Venture Partners. The round saw the infusion of Rs 200 crore in primary capital and Rs 40 crore in secondary capital.

In a secondary deal, shares are sold by older investors and the money does not get infused into the company.

This is the first major venture round for the payments firm, which last raised equity funding of Rs 34 crore ($4 million) in 2021.

Speaking with ET, Rohit Prasad, managing director, Easebuzz, said that existing…



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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