Fintech startup Paytail raises $1.5-M from Cholamandalam, others

Delhi-based Buy-now-pay-later Fintech startup Paytail has raised $1.5 million from Cholamandalam and angel investors as part of its seed round. Paytail plans to use the fresh funds to enhance the product and build a strong team to transform the customer experience and achieve 10-15x growth rate in the monthly transactions in the next 12 months. Maple Capital is the Investment banker for this transaction, and Stratage law is the legal advisor to the company.