Private Equity VC Fund Investments
Fraud detection platform IDfy to raise Rs.86-Cr from TransUnion, Blume Ventures
Source Inc42 (opens in a new tab)
Mumbai-based online fraud detection platform IDfy is raising INR 86 crore (approx USD 11 million) in a fresh round of funding from TransUnion International and Blume Ventures. Baldor Technologies Pvt Ltd, the parent company of IDfy, will allot 688,705 Series D2 Compulsory Convertible Preference Shares (CCPS) for INR 74.9 crore to TransUnion International, a global information and insights company, and 103,306 Series D2 CCPS to VC investor Blume Ventures (through its Blume Fund 1X) for INR 11.2 crore .
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Aug-12 and Sep-21, IDfy raised over $19-M, including the latest round, from Blume Ventures, NB Ventures, Dream Incubator, Beenext, NEA and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)