August 12

Jodo Raises $15 Million In Series A Funding in India

By Teena Jose 

Jodo, a fintech in the educational payments space, has raised $15 million in Series A funding round led by Tiger Global. The round also saw participation from existing investors, Elevation Capital and Matrix Partners India, from whom Jodo has previously raised $ million. The fund will be utilized to accelerate product innovation and sales, and further grow the Jodo team.

“At Jodo, we have built industry-first payment and lending products grounds-up keeping the requirements of parents, students and educational institutes in focus. With this capital, we will double down on the momentum and continue to bring innovative financial products to market. We are thrilled to have Tiger Global join us in the journey, and thank Matrix Partners India and Elevation Capital for their continued support,” said the founders of Jodo in a joint statement.

Photo courtesy of Ashwini Chaudhary.

Source: Entrepreneur India (link opens in a new window)

Education, Finance, Technology