Tuesday
April 17
2018

Delhi-based fintech startup Affordplan raises Series B round

By Jyotindra Dubey

Affordplan, a Delhi-based fintech startup that makes healthcare services accessible through planned savings for non-emergency treatments, has raised fresh capital in its Series B round from a clutch of investors.

Run by Usekiwi Infolabs Pvt. Ltd, Affordplan said in a statement that it had raised $10 million (around Rs 65 crore) from existing as well as new investors, including Lok Capital and Omidyar Network.

While impact investor Lok Capital led the round with a $3.5-million infusion, Omidyar Network has pumped in $1.5 million. Existing investors Kalaari Capital and Prime Venture Partners have backed the company with $2 million and $1 7 million respectively.

According to VCCircle estimates, the latest round of funding valued the company at $58 million – almost double the $31.5-million valuation in its previous round of funding.

Photo courtesy of Satish Krishnamurthy.

Source: TechCircle (link opens in a new window)

Categories
Finance, Investing
Tags
fintech, investors, Omidyar Network, startups, venture capital