Matrix Partners

This acquisition will make Matrix the second-largest Indian active pharmaceutical ingredients (API) player with global leadership in antiretroviral (ARV) APIs

Company's technology platform helps managed service providers in assisting clients

Fintech firm Scapia has raised USD 9 million (about Rs 74 crore) in a seed funding round led by Matrix Partners India for scaling up its co-branded credit card business, the company said on Wednesday. Tanglin Venture Partners, Binny Bansal's 3STATE Ventures and notable angel investors such as Keki Mistry (HDFC CEO) also participated in the funding round. Scapia is a travel fintech company on a mission to make travel accessible through its suite of financial products. It has launched co-branded credit card in partnership with Federal Bank which has been developed to target travelers. "We are excited to partner with our investors to help us scale and meet these customer needs. We see a massive opportunity for Scapia - less than 5 per cent of the population currently have credit cards and India is projected to have 200 million credit cards in circulation by 2030," Scapia, Founder Anil Gotetti said. The company has also built a travel platform within the app to enable customers to ...

App helps in finding parking, tracking challans, recharging FASTag, car maintenance

The company plans to use the funds to work with large marketplaces, scale up its product and technology teams and launch new products

The seed funding round was co-led by Elevation Capital and Matrix Partners India, with participation from investors such as Whiteboard Capital and Blume Founders Fund

While India's B2B agri market is attractive at $300 billion, it is also a complex maze of fragmented supply with over 120 million farmers growing across 30 states

The ''Boost with Facebook'' program went virtual in May reaching out to 4X more people than in an in-person event

The start-up, focused on middle- and lower-income clientele in grocery and home categories segments, in Tier-II and -III cities, currently has over 300,000 customers and services 15,000 orders per day

Loadshare offers services ranging from first mile, line-haul and last mile deliveries