"Trade financing company Vayana Network, which recently split from parent company Vayana (VPL), has raised $4 Million (about Rs 26 crore) from venture capital firms IDG Ventures India and Jungle Ventures," reported Indian CEO.

Samvad Partners partner Neela Badami, senior associate Anisha Shroff and associate Divya Shankara acted for IDG and Jungle.

Wadia Ghandy partner Subashini R acted for Vayana.