RB Investments, Kaleden Holdings invest in instantPay



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RB Investments, Kaleden Holdings invest in instantPay


Date: 31-December-2016

New Delhi-based SMSdaak India Ltd, which operates digital payments startup instantPay, has raised between $3 million and $5 million (Rs 20 crore to Rs 34 crore) in pre-series A funding from Singapore-based RB Investments and Kaleden Holdings It currently has over 62,000 merchants on board and plans to reach 1,20,000 merchants by March 2017. The startup claims to process around 10 million transactions per month and expects to increase the numbers by a five-fold by FY18.

 
 
 
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