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E Commerce

Digital Payments Startup ToneTag Bags $78 Mn To Expand Its Solutions


SUMMARY

ToneTag has raised Series B2 funding of INR 674 Cr ($77.5 Mn) in a mix of primary and secondary deal co-led by ValueQuest Scale Fund and Iron Pillar, along with participation from existing investor Elevate Capital

The Bengaluru-based company plans to deploy the fresh proceeds to scale up its operations and expand into global markets

Founded in 2013 by Vivek Singh and Kumar Abhishek, ToneTag offers audio-based authentication and proximity payment solutions for online and offline commerce. It also develops integrable software to…



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by Tech In Asia

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