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Credit network platform Flexmoney, beauty brand Pilgrim raise capital

By Samantha Machado

  • 15 Jun 2021
Credit network platform Flexmoney, beauty brand Pilgrim raise capital
Credit: 123RF.com

Credit network platform Flexmoney raised $4.8 million (Rs 35.2 crore) in Series A funding led by Pravega Ventures.  

The funding round saw participation from Silicon Valley-based Z5 Capital and other marquee individual investors including Ben Davey (ex-Barclays), Mike Smith (ex-Amazon), entrepreneur Ambarish Malpani and Centrum Group’s Rishad Byramjee.  

The company will use the funds to scale its credit network business to lenders and merchants, and multiple products, it said.  

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Flexmoney previously raised seed cash from multiple global and domestic angel investors. 

Pilgrim

Beauty and personal care brand Pilgrim raised Rs 13 crore in a Series A funding round.  

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The round was led by Fireside Ventures, Rukam Capital, and founding teams of Boat, NoBroker, and founder-CEO of Bewakoof.com.  

The funds raised will primarily be used to enhance research and development capabilities, among others, Pilgrim said.  

Dexter Capital acted as the advisor on the deal.

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