Niyo’s travel tech platform will essentially cover the entire spectrum around travel, where users can apply for visas and book travel experiences, concierge services, tour packages, travel insurance, and the like.
The fund will be used to invest in early-stage tech startups across FinTech, EdTech, HealthTech, Consumer Internet and Global SaaS, besides EVs, gaming and cryptocurrencies.
Prime Venture Partners said that its investors got four times the returns through the exit
The startup offers reconciliation services for companies which receive digital payments across multiple channels.
The company is currently operational in Bengaluru with plans to expand to five other cities in the next 12 months.
Including the current round, the start-up has raised over $6 million.
With its largest-ever fund of USD 60 million, the seed-stage venture fund plans to close around 15 deals with a total investment size of roughly USD 4.5 million per company.
The investor company, which has a portfolio lopsided towards fin-tech by almost 45%, will continue to focus on the sector.
The startup has also partnered builders like Sobha, Prestige, Purvankara, Lodha, and others, for deployment of its solutions.
Affordplan, a Delh-based fintech startup, today said it has raised Rs 20 crore, led by Prime Venture Partners and Kalaari Capital as a co-investor.
The startup also plans to launch a mobile app that has a hospital interface as well as a patient interface.
Formerly known as Mandii, KredX is an online marketplace for SME lending that connects enterprises looking for financing.
Launched last year by IIT and Stanford alumni Manish Kumar, Anurag Jain and Puneet Agarwal, KredX (previously known as Mandii), enables the growth of micro, small and medium enterprises (MSMEs) by unlocking cash tied up in customer invoices that would otherwise be paid in 30 to 90 days.