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.