waterbridge ventures

SparSkills Technologies, the owner and operator of online poker platform 9stacks has raised funds amounting to Rs 28 crore in Series A funding round. This particular round was led by early-stage venture capital firm, WaterBridge Ventures. The funds raised through this funding round will be used by the company to expand its team, and further build its technology platform. Prior to this funding, 9stacks raised Rs 10 crore from a clutch of angel investors last December. “We have sharp focus on analytics. Therefore some of the money will go towards deepening that side, as we get more into machine learning. We are looking at newer markets, therefore some of the proceeds will go towards that,” Sudhir Kamath, chief executive of 9stacks stated. Founded in 2017 by Kamath, 9stacks is a 14-year ...

Online lending platform Ziploan has raised $3 million in a Series A round of funding led by Matrix Partners India. The funding round also saw participation from its existing pre-series investor WaterBridge Ventures, Whiteboard Capital and former Capital18 MD, Sarbvir Singh. Delhi-based Ziploan is an MSME lending platform which is now planning to utilise the freshly raised funds to expand geographically, targeting non-metro cities. With the funds in hands, it will also increase its loan book size. Talking about the investment, Matrix Partners India MD Vikram Vaidyanathan said, “With over 40 Mn SMEs, SME-lending is a large opportunity, but with tough execution challenges. We believe a cautious, technology-led approach can bring down underwriting and sourcing costs enough to serve the SME...

Tag: waterbridge ventures

Indian Online Poker Platform Secures Rs 28 Crore From WaterBridge Ventures

MSME Lending Platform Bags $3M In Series A Round Of Funding