The pre-series C round involves a convertible note, which will be converted during the series C raise, a statement said.
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Through its acquisition of Qbera, InCred will look to augment its digital distribution strengths.
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Though the ongoing COVID-19 pandemic has disrupted businesses around the world and brought the world economy to a standstill, ties between India-UK ties continue to hold strong through the storm.
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Ola will cut 1,400 jobs of its workforce, as it tries to navigate the coronavirus crisis, its chief executive officer said in a note to employees.
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This rapid turnaround has left scores of Indian start-ups which had been plotting expansion and fundraising considering anything and everything to keep themselves from going under.
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The investment industry began realizing that growth at any cost is a failing model.
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The company plans to use the funds to strengthen its team across product, marketing, and invest further technology and data science.
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Earlier just a pick and drop service, now this app is a full-fledged online shopping mart with multiple categories and stores to pick from across six major cities in Punjab
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