FincFriends, the non-banking financial arm of the finance marketplace RupeeRedee, has received $3.5 million in equity capital from its Cyprus-based parent firm, Digital Finance International.
An EV finance firm, Mufin Green Finance, has received INR $1 million from the Shell Foundation, a UK-registered charity, to establish a $2 million First Loan Default Guarantee joint de-risking pool. Mufin will be able to leverage the capital in order to catalyse commercial lending.
Computer hardware manufacturer Selligion Technologies received INR 5 crore in a pre-Series A investment round that was spearheaded by Malpani Ventures.
PEP Technology, the underlying company of mCaffeine, and Bollywood actress Kriti Sanon have partnered up to launch premium skincare line, Hyphen. PEP Technologies plans to invest INR 30 crore in Hyphen and become the company's main stakeholder.