Signzy, an AI startup, has raised Rs 40 cr led by Arkam Ventures and Mastercard. Signzy’s existing investors, Kalaari Capital and Stellaris Venture Partners also participated in the round. Signzy provides digital KYC solutions to over 100 BFSI firms including Aditya Birla Sunlife AMC, BoB, SBI, ICICI Bank and Mastercard. “We plan to strengthen our AI research and global sales to tap into the increased demand of digital product and services”, said co-founder Ankit Ratan.
Cashkaro has raised $10M in Series B funding, led by Korea Investment Partners (KIP) and existing investor Kalaari Capital. The Gurugram-based company said it’ll spend 5X the usual marketing budget in the next 2 months, while also hiring, investing in products like Earnkaro. In previous rounds, Cashkaro had raised around $5M in total. It has been reducing losses consistently over the past two FYs and is expecting to grow revenues by 4X in the current FY.