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Funding roundup: QuikWallet, USPL, Zen Radius, Joybynature and others

QuikWallet raises $1.6M from Snow Leopard Mobile payments startup QuikWallet has raised $1.6 million in funding from existing investor Snow Leopard, reports FirstPost, taking its total funding raised to $2.1 million. The funds will be used for team expansion and adding to its merchant base. The app enables customers to pay at restaurants and retail outlets through their mobile phones. Initially started off as a payments and loyalty app, the company now claims to cater to 1,000 restaurants and small merchants. It provides merchants the options of SMS, NFC, QR codes, apps or POS software integration to collect online and offline payments. Available on Android and iOS, the app claims to store the user’s card info which it locks with a passcode and lets them pay in 1-2 taps. Corrigendum: An earlier version of this article had incorrectly spelt QuikWallet's name. Our apologies for the error. **** USPL raises $1.2 million from InnoVen Capital India Universal Sportsbiz (USPL), the company which runs Collectabillia, has raised around $1.2 million (Rs 8 crore) from InnoVen Capital India, reports iamwire. The company will use the funds for growth plans and brand building. Earlier this month, it had raised $7.5 million (Rs 46 crore) in a Series B round of funding from existing investor Accel Partners. USPL said that it would use the funds for expansion into new markets as well as increase its two fashion labels’ network presence from 30 stores to 75 for Imara (Shraddha Kapoor) and 38 to to 70 stores…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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