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Indifi Receives INR 145 Crore from CDC and Other Investors

CDC Group has offered INR 100 crore whereas existing investment companies Accel India, Elevar Equity, Omidyar Network, and Fair Finance Fund has offered the remaining sum, as per the company’s regulatory filings.
BY BEx Bureau
BusinessEx
Jul 30, 2019

The fin-tech startup company, Indifi Technologies Pvt. Ltd. has amassed INR 145 crore in a round of funding. The round was led by the finance company, CDC Group Plc, according to a media report.

CDC Group has offered INR 100 crore whereas existing investment companies Accel India, Elevar Equity, Omidyar Network, and Fair Finance Fund has offered the remaining sum, as per the companys regulatory filings, as reported by the daily news, VC Circle.

Indifi was established by Sundeep Sahi, Siddharth Mahanot and Alok Mittal, who is an angel investor, and Canaan Partners Ex-India Chief. Mahanot has earlier worked in the financial sector whilst Sahi worked as CPO (Chief Product Officer) at Bharti Softbank, a JV of Softbank and Bharti Enterprises, before establishing Indifi.

Indifi has first carried its funding round in September 2015. It has amassed INR 32.6 crore from VC firm, Elevar Equity, Accel and other investors namely, Pramod Bhasin, Genpacts Founder and Rajan Anandan, Googles Southeast Asia and India VP, as reported by the daily news, VC Circle.

In December 2016, Indifi received INR 66.5 crore in Series B round of funding; the round was led by Omidyar Network, which is established by Pierre Omidyar, eBays founder.



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