Private Equity Fund Investments

Fintech startup EnKash looking to raise $25-M

INC42  

Mumbai-based fintech startup EnKash is set to raise a fresh round of investment worth USD 25 million from new and existing investors. The new round of funding will help the startup's valuation soar by 12X-14X and touch close to USD 100 million. Existing investors Mayfield and Axilor Ventures will further increase their stakes in the company with this round of investment. The startup intends to utilise the fresh capital to further innovate its range of products in the corporate card & payments space. It also plans to pump funds towards business development, marketing, data sciences, new product launches, and hiring talent across product development and performance marketing.

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