NIRA : A FinTech StartUp Raises $1 Million In Seed Funding

Indian fintech sector has seen many startups raising new funding recently and keeping the trend, NIRA, a Bengaluru based fintech startup has raised $1 Million in seed funding from angel investors in UK and India.

Image source: https://www.facebook.com/nirafinance

The startup was founded by Nupur Gupta and Rohit Sen in 2017. NIRA is providing and helping individuals with instant small value loans who have limited access to traditional modes of finance. It mainly provides instant loan of Rs 1 lakh for 1 year term.

The new funds will be used to accelerate growth, expand its core team and boost its technology.

As per NIRA's website, it has partnered with Federal Bank for providing instant loans and one can easily get instant loan of Rs 1 lakh in just 3 minutes by uploading documents on either mobile app or web.

GamingMonk - An E-sports startup has raised Rs 4 Crores in new funding round

Online gaming and e-sports startup GamingMonk has raised fresh funding of Rs 4 Crores from Japan based incubate fund, Rajan Anandan -VP Google India and Stellaris Ventures, Smile Group, AdvantEdge, Samir Khurana and others.

Pic Source: https://www.facebook.com/GamingMonk/

The New Delhi based gaming startup was founded by Abhay Sharma and Ashwin Haryan in 2014. Since the day startup has launched, it has organised around 200 online competitions. The online gaming market is rapidly increasing in India with the introduction of high internet speeds and highly efficient hardware and gaming consoles.

The awareness amongst youth is great and many youngsters are taking it seriously and even thinking to make big in professional online gaming.

GamingMonk organises both offline and online gaming competitions around games like PUBG, DOTA2, Call of Duty, Clash Royale to name a few.

The recent funding in the online gaming space in India has shown that investors are keenly watching it and India is going to be amongst the top online playing nations in world soon.

Financial planning startup, Cube Wealth raises Rs 14 crore in new round of funding.

Wealth management and financial planning startup, Cube Wealth led by serial entrepreneur Satyen Kothari has raised new round of funding of Rs 14 crores from Beenext,  Asuka Holdings and 500 Startups.

New funds will be used to expand and grow sales in new cities like - Mumbai, Delhi/NCR, Bengaluru, Chennai, Pune, Kolkatta and Hyderabad and also will target non-resident Indians based in Europe and Japan.

Cube Wealth mainly target customers with annual income of Rs 10 lakhs and above. 

Satyen Kothari is the the serial entrepreneur who has earlier co - founded Citrus Pay which was later acquired by PayU in 2016. He also founded couple of more startups like Trapezo and Lotus White before founding Cube wealth.

Online poker company 9stacks secures Rs. 21 crores in Series A funding round

After technology, social, gaming and non-tech startups, it's time for the online poker to secure some funding. Yes, you read it right.

Delhi based 9stacks, an online poker startups has recently raised Rs 21 crore from an early stage venture capitalist firm WaterBridge Ventures and few existing angel investors.

Pic Source: https://twitter.com/9stacksonline

The startup was founded by Sudhir Kamath, Pratik Kumar, Abhinav Nigam and Rishab Mathur in 2017. As per company's website, 9stacks India's fastest growing online poker platform. It is the chosen poker destination for both expert and amateur players in India.

Playing poker is 100% legal in India and 9stacks offer secure and reliable platform for all the players who want to learn or try their luck in online poker.