VC funding: Razorpay, Bounce, SwitchOn, MoneyGram

Bounce, SwitchOn, Collective Health, MoneyGram, Razorpay, among others, announced their latest VC funding from VC investors.
VC funding investments

Bounce

Bounce, a smart dock-less mobility solutions start-up, has raised $72 million as part of its Series C round, led by B Capital Group and Falcon Edge Capital with the participation from Accel Partners India, Accel Partners USA, Chiratae Ventures, Maverick Ventures, Omidyar Network India, Sequoia Capital India and Qualcomm Ventures. Bounce has raised over $92 million till date.

SwitchOn

SwitchOn, an industrial technology firm, has raised $1 million in seed funding led by pi Ventures, an Internet of Things- (IoT) and Blockchain-focused early stage venture fund.
Axilor, an early stage investment firm led by Infosys founders Kris Gopalakrishnan and SD Shibulal, and angels from The Chennai Angels also took part in this round.

Collective Health

Collective Health, which makes software for companies to pay workers’ health costs directly, has raised $205 million in new funding led by SoftBank Group Corp’s Vision Fund. The company’s clients include Pinterest Inc, Red Bull, Restoration Hardware and Zendesk, among others.

MoneyGram

Blockchain firm Ripple has bought $30 million worth of shares and warrants in MoneyGram International as they partner to use Ripple’s product for cross-border payment and foreign exchange settlement.

Razorpay

Razorpay, a payments solution company, announced its Series C funding of $75 million, led by venture capital firms Sequoia India and Ribbit Capital, along with participation from Tiger Global and Y Combinator.

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