August 5

Indian Fintech Tartan Secures Funding to Scale Payroll Management Solution


India-based Fintech firm Tartan has secured funding to scale its business operations.

The investment round included contributions from 500 Global, InfoEdge Ventures, Naval Ravikant-supported AngelList Quant Fund, among other investors.

The company has acquired about $6 million in capital, to date. It intends to double its headcount to around 110 professionals, with a sharp focus on engineering roles.

Other investors that took part in the round reportedly include WorldQuant Ventures, Varanium GenNext Fund, 9Unicorns, Yatra Angel Network, Emphasis Ventures (EMVC) and Naveen Kukreja.

The firm’s management noted that they will use the proceeds from the round to further scale their operations while expanding their engineering team and improving their product offerings.

Photo courtesy of bfishadow.

Source: Crowdfund Insider (link opens in a new window)

Finance, Technology
business development, fintech, scale