The post TranServ secures Series C investment of USD 15 Mn from IDFC, Micromax, Nirvana and Faering Capital appeared first on Core Sector Communique.
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Mumbai, 26 April, 2016:TranServ, a leading digital payments company,has closed an investment of USD 15 Mn . The Series C funding round is being led by IDFC SPICEFund, a domestic venture capital fundmanaged by IDFC Asset Management Companyand Micromax Informatics, one of India’s top consumer electronics companies along with existing investors Nirvana and Faering Capital India Evolving Fund.TranServ spearheads the rising breed of ventures who are focused on building a sustainable business with a focus on profitability.
The company is looking to utilize the fresh capital towards accelerating business growth and investing in new product lines including micro credit. The company will continueenhancing the Udio product suite including the android / iOS apps for consumers and its rich API stack for business partners. The recently announced partnership with Micromax will help completely redefinemobile payments for Micromax users andhelp TranServ reach brand new customer segments across the country.
In addition to pioneering social payments for individuals, several large businesses are using TranServ’s platform via API’s to deliver appealing end-consumer payments services. TranServ has also recently forayed into the corporate space through its small value employee payments delivered through the Udio app and is looking to capture 35% of themarket by the end of the current fiscal.
“At TranServ, we are building a payments business that will be very different from others. Post this round of funding, we will be exploring growth opportunities through both organic &inorganic modes.” concludes Anish.
About TranServ:
TranServ is India’s leadingfintech company focused on creating the best possible payment experiences for individuals and business partners. TranServ offers the Udio wallet to individuals which is a platform of choice for P2P transactions, including social gifting, ability to split bills and make group payments and also enables business partners to deliver a delightful consumer experience by utilizing our cutting-edge technology. TranServ’s rich API stack is being used by both merchant partners& corporatesto scale, collect and disburse payments to individual customers, employees, vendors or suppliers in an efficient manner.
Visit www.transerv.co.in
About Nirvana :
Nirvana advises / manages two early-stage funds, exclusively focused on the Indian internet, mobile and electronic payments segments. The funds make early stage investments in companies which can benefit from the favorable Indian demographic, rapid consumerization and increasing penetration of always-on internet in India. The Nirvana founding team has a strong track record & extensive operating experience in the Internet and IT Space. Nirvana has been anchored by the Patni family, pioneers in the Indian ITES ecosystem.
For more details, visit www.nirvanaventures.in
About Faering Capital:
Faering Capital is a boutique Indian asset management firm founded by Aditya Parekh and Sameer Shroff. The firm currently manages a Rs. 800 crore domestic private equity fund (Faering Capital India Evolving Fund) that aims to capitalize on investment opportunities generated through broad-based consumption-led growth in India by investing in high quality companies and becoming a collaborative partner in their growth journey. Sectors of interest for the fund include: financial services, consumer, retail, healthcare, education, media, technology, internet, and business services.
About IDFC:
IDFC SPICE Fund is a domestic venture capital fund, which has raised funds from domestic investors to invest in a mix of unlisted and listed opportunities. IDFC Asset Management Company Limited is the Investment manager of the Fund.
IDFC Asset Management Company Ltd. was established in 2000 and is already one of the largest Mutual Fund houses in India. In a relatively short span of time, it has developed a robust investment platform to offer consistent value to its investors.
IDFC Asset Management Company Ltd. is a well-established fund house sponsored by IDFC Ltd. The AMC manages a range of funds across debt and equity asset classes and has a distribution reach that covers 39 cities directly and has an indirect presence in over 190 towns across India. With a strong research capability and a performance track record, IDFC MF has received a number of awards and recognitions for its schemes performance from different research and rating agencies.
The performance record of IDFC AMC is a direct result of its commitment to a disciplined and time-tested investment approach, proprietary to the AMC.
For more information log on to www.idfcmf.com.
About Micromax Informatics Ltd.
Micromax Informatics Limited is one of the leading consumer electronics company in India and the 10th largest mobile phone player in the world (Counterpoint Research). Over the past 5 years, Micromax has pioneered the democratization of technology for masses by offering affordable innovations through their product offerings and removing barriers for large scale adoption of advanced technologies. Micromax* is currently the largest mobile vendor in India with a market share of 16.6 percent in Q2 of 2014 (Counterpoint Research). The brand’s product portfolio embraces more than 60 models today, ranging from feature rich, dual – SIM phones, 3G Android smartphones, tablets, LED televisions and data cards. The company also has many firsts to its credit when it comes to the mobile handset market including the 30-day battery backup, dual SIM phones, QWERTY keypads, universal remote control mobile phones, first quad-core budget smart phone etc. The company has its operations across Russia and SAARC markets. Micromax* sells more than 3 million Mobility Devices every month, with a presence in more than 560 districts through 1, 30,000 retail outlets in India. With presence across India and global presence in Russia and SAARC markets, the Indian brand is reaching out to the global frontier with innovative products that challenge the status quo that Innovation comes with a price
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]]>The post 25 Points to Ponder about Social Media: Quick, Tweet me a Revolution – Chawm Ganguly appeared first on Core Sector Communique.
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The more I get sucked into the exciting world of emerging Social Media the more I am at awe. No I don’t have the answers, but questions I have in plenty. As a matter of fact, as I sit down to write this, here are the top 25 that cross my mind randomly. I have sought to list them – hash-tagged and packaged in a ready to consume format so that you too can pander to your basic needs of instant gratification. Triviality be damned and a body blow dealt to verbose ponticiation.
Please go ahead and think about them. Discuss if you may or treat them for all they are worth and just tweet them – they are all tagged and Tweetable so that they, with a little click from you, can scour the farthest corners of the net (and human consciousness) seeking the ultimate knowledge.
- Will #SocialMedia ultimately lead to the formation of #communities around #ideas that are not limited or restricted by #geography?
- With everyone becoming a #Journalist, will #SocialMedia lead to the #evolution of the #media or will it sound its #deathknell?
- I #Tweet, therefore I am. For, you are what you #post!
- Is it true that the more #connected we are in the #SocialMedia,the more information we volunteer, the more #vulnerable we become?
- Can Our #Online Persona’s have #Offlimit contents? Can we offer only a partial view to our inner recesses in the #SocialMedia space?
- Do #primemovers in the #SocialMedia space run the risk of getting “hoist in their own petards”, nay #Twitters?
- OK. Everyone is entitled to his or her #Opinion in #SM.But why #force them on to me? Why #violate my #PrivateSpace with your public vitriol?
- How does one shift the grains from the chaff in #SocialMedia?What is #Real, what is #Rumour?Who’s taking conscience’s #call & whos a #troll?
- How do you identify the #Organised #MaliceMongers in #SocialMedia? #Peddlers of #ReligiousPornography? #HateCrusaders? #PopPaedophiles?
- How Diff is a #Facebook friend frm a real #Friend?Has #SocialMedia transformed #Reality in2 #VirtualReality?Is #ReachingOut a mere #Tweet?
- Is #SocialMedia turning us all in2 pathetic consumers of #instantnoodles? Is the desire 2 be heard in #-Tags robbing us ur ability to think
- By feeding on our #obsession for #instantgratification, is #SocialMedia sucking us into a #BlackHole of #insensitivity,making life #plastic?
- Is #SocialMedia forcing us more and more to commit #SelectionBias as we miss the woods for the trees?#TweeterOpinion 4 #MoodOfTheNation?
- Can #Aggressive, #Aspirational, #Consumerist, #Instantaneous #Tweet-ards create #Art & #Science that transcends time. #T20 replace #Tests?
- With armies of trollers on the move, what are the chances of a #SocialMedia #Mutiny. Will the #DarkSide emerge? Will the #EmpireStrikeBack?
- Ever Notice, how your fingers speak in the #SocialMedia faster than you think in #RealLife? Someday, they will have a name for that disease!
- So #SocialMedia has #empowered the #Morons to be Heard. But how do you #Mute the #Idiots? Their #cacophony is already #deafening, #defining?
- How effective are we,urban #SocialMedia exponents sowing #political seeds over the rural #voters who are plowing the #electoral fields?
- #SocialMedia has removed the #Barriers– but is it a gr8 #leveler,or has it just helped us #metamorphose into #voyeurs? #Visionaries or #Oglers
- #SocialMedia has ensured that #CustomerEngagement become a truly #democratic, 2way process. Power shift from the #brands to the #consumers?
- If you are a #Brand wanting to #Connect, is the #Youth really just a #ClickAway in #SocialMedia? What does it take to embrace them?
- Can Solutions #CrowdSourced in the #SocialMedia lead you to #Nirvana? Imagine #Buddha or #Jesus or #Gandhi #Tweeting a #Revolution ?
- Is #SocialMedia just a #means to an #end, or is it an end in itself?
- Does #BruteForce work in #SocialMedia? Can one just be #ShoutedDown by a well oiled machine of #sycophants? Can they mold #Opinion as well?
- Is #SocialMedia as simple as the #conversations u help create around ur #brand? Are you are mere hand-holder, poking the dormant 2 action?
Feel free to TweetBack your response. Who knows, we may even end up trending with #JustinBeiber and #LoveJihad and #PoonamPandey 
You can follow me in Twitter: https://twitter.com/CharmChawm
The post 25 Points to Ponder about Social Media: Quick, Tweet me a Revolution – Chawm Ganguly appeared first on Core Sector Communique.
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