Delhi-based digital payments and financial services company InstantPay today said it has raised USD 3-5 million in funding from two Singapore Venture Capital firms - RB Investments and Kaleden Holdings.
InstantPay will use the capital from the pre-series A round to further enhance its technology platform, broaden its portfolio of consumer service offerings and aggressively expand its market presence in neighborhood stores across India, it said in a statement.
The services of InstantPay include electronic top-ups, utility bill payments, insurance premium payments, travel bookings and domestic remittance.
* * * *
Gandhinagar launches citizen-centric smart services * Gandhinagar Municipal Corporation (GMC), Gujarat has announced new citizen-centric smart services at the foundation launch of Gandhinagar Smart City.
Created in partnership with Sterlite Technologies, smart services like citywide Wi-Fi (open to sky), IP surveillance, smart street lighting and environment sensors will keep citizens abreast and engaged with the progress of the city.
Pravin Agarwal, Vice Chairman of Sterlite Technologies, said the smart services project will set a benchmark in digital infrastructure and smart living for citizens.
He added that the deployment of smart services through the urban infrastructure will address essential administrative needs of the citizens and empower them with easy access to critical information.
Disclaimer: No Business Standard Journalist was involved in creation of this content
