Subscribe for perks & to support LI

Your Interests & Preferences: Personalise your reading

Which best describes your role and/or interests?

I work in a law firm
I work for a company / in-house
I'm a litigator at the bar
I'm a law student
Aspiring law student
Save setting
Or click here to show more preferences...

I am interested in the following types of stories (uncheck to hide from frontpage)

Firms / In-House
Legal Education

Always show me: (overrides the above)

Exclusives & Editor's Picks

Website Look & Feel

Light Text on Dark Background

Save preferences

Note: Your preferences will be saved in your browser. You can always change your settings by clicking the Your Preferences button at the top of every page.

Reset preferences to defaults?

Rajaram for Omidyar, Samvad for fin-tech startup Kaleidofin, in $2.8m seed funding

Chennai-based financial technology startup, Kaleidofin, has raised Rs 18 crores ($2.8m) in a seed funding round led by impact investing firm Omidyar Network, along with participation from Blume Ventures and Israeli serial entrepreneur and investor Professor Shlomo Ben-Haim, as reported by MoneyControl and The Economic Times.

Rajaram Legal acted as the legal counsel to Omidyar Network, led by partner Priyadarshini Sherchan with associate Hemanth Joseph.

Samvad Partners advised Kaleidofin in the transaction and was led by partner Vineetha MG, senior associate Mandavi Singh, and associates Pooja Shah and Nitya Gupta.

Early-stage venture capital firm Blume Ventures was represented by its in-house team.

Founded in 2017 by former IFMR Holdings executives Puneet Gupta and Sucharita Mukherjee, Kaleidofin provides tailored financial solutions to those in the informal sector, having about 1,300 customers mainly in Chennai, Gujarat and Bihar. With the current fundraising, Kaleidofin plans to expand its customer base pan-India, tie up with more banks and financial institutions and to invest in technology and analytics.


Latest comments