Suvidhaa Infoserve, a services commerce company, that offers payment services through retail outlets, has raised $12 million in its third funding round, from Japanese corporate conglomerate, Mitsui & Company. According to a statement from the company, the raised funding amount will be used to further enhance Suvidhaa's technology platform, broaden its portfolio of consumer service offerings and to expand its market presence in neighborhood stores across India. After closing this funding round, Suvidhaa has raised a total of $25 million which includes seed funding by billionaire Shapoor Pallonji Mistry. The company had raised $7 million in its second round of funding from IFC (World Bank Group), and existing investors, Norwest Venture Partners (NVP) and Reliance Venture Asset Management (RVAM). The two had earlier invested an undisclosed amount in the company. Founded in 2007, the company allows users to make payments to IRCTC…
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- PrivacyNama Session: Data Protection Regulator Roundtable; October 7 October 4, 2022
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