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Sunday, July 12, 2020
Home News DIPL raises Rs 5.75 Cr from US-based IC1101

DIPL raises Rs 5.75 Cr from US-based IC1101

DIPL(Digital India Payments Ltd), which is a digital transaction enabler, has now secured INR 5.7 crore from an alien investor Group IC1101. The company secured the funding after the participating in Horses Stable, the Indian Adaption of American Television show Shark Tank, according to the report revealed.

The IC1101 is a US-based investment group.

The Horses Stable was founded by the Prashant Agarwal and revealed that the platform screened around 200 applicants and chose 39 startups to present their products to a selected group of investors.

Around 18 companies bagged the funding from the investors with the DIPL getting the biggest cheque, according to the report.

Some other startups that received the funding include the Mitra Robot, which is a robotics startup that secured funding from ITI Growth Opportunities, Windrose Capital, IC1101 and angel investor Kevin Saboo.

The startups that participated in the platform work in sectors such as financial technology, business to business, consumer products, pharmaceutical, and business to customer.

Some of the significant financial technology startups under a similar roof, moreover, with the dissimilar objective include the Udaan, OKCredit, Aye Finance, CRIDS, Groww, and others.

Also Read: FINTECH STARTUP HOTFOOT SECURES ANGEL FUNDING

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Udit Agarwalhttp://vyapaarJagat.com
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to vyapaarjagat. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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