PE Fund Investments
Digital payments player Innoviti raises $10-M from Dutch investor FMO
Bengaluru-based digital payments solutions startup Innoviti is raising USD 10 million from its existing investor Netherland-based FMO. The startup is to allot 14,88,316 Series J compulsory convertible preference shares to FMO for USD 10 million (INR 75 crore). In January, Innoviti had raised USD 10.7 million in a mix of debt and equity. The firm intends to go for an IPO in the next 2-3 years.
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