New Delhi-based startup MobiKwik has reportedly raised funds worth 25 million dollars, led by Singapore-based hedge fund Tree Line Asia.
The deal saw participation from Cisco and American Express as well, reported TechCrunch.
Existing investor Sequoia Capital was also in the heavy-hitting Series B round.
The firm had already raised five million dollars Series A in 2013 and is looking to complete a 100 million dollar series C in the second half of this year.
MobiKwik currently claims having "over 15 million" users for its payment wallet but is aiming to raise that number to 100 million by the end of next year.
