|Company Name||Fund Raised||Led By||CEO/Co-Founder||Valuation|
|FamPay||$38M||Elevation Capital, Sequoia Capital||Sambhav Jain||$300M+|
Bangalorebased FamPay 38M Series Elevation Capital
Bengaluru-based Teenage focused platform, FamPay raised $38 million led by Elevation Capital, and Sequoia Capital in a series A round. The round was co-led by Venture Highway, Global Founders Capital, Y Combinator, and more.
CEO Sambhav Jain confirmed TheCasinoAdvice that we invest these funds for making a leadership team that helps accelerate growth.
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Moreover, FamPay helps teenagers to hold an add-on account to make online and offline payments. The company also provides FamCard with cashback and offers.
Co-founder FamPay, Kush Taneja said that we crossed 2 million downloads in 8 months after launching the app.