Darwinbox, a human resources software-as-aservice (SaaS) startup, has raised an undisclosed amount; American payments and financial services company MasterCard has invested an undisclosed amount in Bengaluru-based Razorpay; and Intra-city travel application Instago has raised $500,000 from multiple investors.

Mohandas Pai Invests in HR Software Firm Darwinbox

Darwinbox, a human resources software-as-aservice (SaaS) startup, has raised an undisclosed amount in early-stage seed funding led by Mohandas Pai's 3one4 Capital, Endiya Partners and Tracxn Labs.

Launched in August, 2015, Hyderabad-based Darwinbox is a human resources technology and analytics company founded by Jayant Paleti, Rohit Chennamaneni and Chaitanya Peddi. Currently consisting of five modules, Darwinbox plans to use a part of the funds to build more modules and the other towards marketing and sales to expand the product across the country - Mumbai being their next target, as ET reported.

Online Payment Gateway Solution Razorpay Raises Funding from MasterCard

American payments and financial services company MasterCard has invested an undisclosed amount in Bengaluru-based Razorpay, an online payment gateway solution for small and medium enterprises and platforms, reported ET.

The equity-based investment in the company backed by Tiger Global is MasterCard's second investment. In 2013, it had invested in Chicago-headquartered analytics company Mu Sigma.

The company had raised Rs 64 crore from Tiger Global in Series A and Matrix Partners along with multiple angel investors in the seed round. The 33 angel investors include Jeff Huber, senior vice president at Google X; Snapdeal cofounders Kunal Bahl and Rohit Bansal; InMobi cofounders; and former Flipkart chief product officer Punit Soni.

Instago Raises $500K from Multiple Investors

Intra-city travel application Instago that helps users compare prices and book the cheapest mode of transport across different categories including on-demand taxis, autos, public transport and self-drive options has raised $500,000 from multiple investors including angel investor Ramit Sethi of Strongbox Ventures, as per ET report.

Founded in 2015 by Nakul Khanna, Anmol Ahlawat and Aneesh Seth, Instago collates information from multiple transport agencies and commuter generated content for real-time information on different modes of transport. The portal also compiles data through API integration with on-demand transport service providers to provide expected time of arrival and other information to the commuters.

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