Funds will be utilized to to scale R&D, sales, and marketing operations, grow the team across streams globally, accelerate executive hiring, and expand the product portfolio.
The fresh capital has knocked up the company's valuation by almost 45 per cent since it entered the coveted unicorn club in September after raising USD 150 million funding led by Softbank at a valuation of USD 1.45 billion.
The fresh funding will value the food tech startup at $3.4 billion
OkCredit enables digital recording of credit or payment transactions for small business owners and their customers through a mobile application
Softbank reportedly suffered $6.5 billion in operating losses from investments in cash-burning businesses including New York-based real estate firm WeWork, and cab-hailing service Uber.
Global investors are betting big on Indian companies and how
"For years, our sales team struggled to integrate all the products we needed into one of the leading CRM tools"