02 Jul '13, 4pm

Singapore, India-based microlending platform @MilaapDotOrg raises USD 1.1M from investors

Singapore, India-based microlending platform @MilaapDotOrg raises USD 1.1M from investors

Singapore, India-based microlending platform Milaap raises USD 1.1M from investors July 3, 2013 by Terence LEE Milaap , a Singapore-headquartered and India-based microfunding platform, announced today that it has raised a USD 1.1M venture round led by Jungle Ventures , a Singapore-based early stage fund, with backing from the government’s Technology Incubation Scheme . Other investors in this round include Skype co-founder Toivo Annus, Singapore-based family investment office Lionrock Capital , Sony Entertainment Television co-founder and Jungle Ventures managing director Jayesh Parekh , and existing investor Unitus Seed Fund , which specializes in funding bottom-of-pyramid startups. Jayesh, which has known the Milaap team for years, and Hari Kumar, partner of Lion Rock Capital, will join the board. This new round is on top of the USD 250K already raised by Unitus, First L...

Full article: http://sgentrepreneurs.com/2013/07/03/singapore-india-bas...

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