9stacks

Gurugram-headquartered online automobile marketplace Droom which raised $30 Mn in a Series E round of funding

Jakarta-based point-of-sale (POS) provider Moka acquired Mumbai-based contextual marketing company GetFocus for an undisclosed amount

Amazon’s digital payments arm Amazon Pay received $79.8 Mn (INR 590 Cr) from its parent company

The Series A funding round in 9stacks was led by WaterBridge Ventures and other existing investors

The company plans to use the funding to expand its team and further build its technology platform

9stacks also plans to ramp up user acquisition, data analytics, machine learning, and product and market expansion

19 Startup Funding Took Place In The Indian Startup Ecosystem This Week

The Startup Will Utilise The Funds To Improve Its Core Technology And Expand Its Customer Base