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July 03, 2013

Deal Alert: Jungle Ventures leads $1.1 M Series A round for impacting funding platform Milaap

Milaap Social Ventures, an impact-focused fundraising platform, has raised a Series A round of $ 1.1 millionled by Singapore-based early stage investment firm Jungle Ventures. Other investors included Toivo Annus – co-founder & former Head of Engineering at Skype; Lionrock Capital – a Singapore-based family investment office; Jayesh Parekh – co-founder of Sony Entertainment TV; and existing investor Unitus Seed Fund.

Milaap had earlier raised $250,000 in seed investments from Unitus Seed Fund, First Light Ventures, Vijay Shekhar Sharma (founder, One97) and Rajiv Madhok (founder, Oorja). Milaap’s platform has routed over $800,000 in loans impacting over 25,000 lives across 10 states.

Source: Yourstory.in

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