Indian fintech Uni raises $70M for its pay-later cards offering

Uni, an Indian startup that offers users pay-later cards, has raised $70 million in a financing round as it looks to broaden its product offerings in the South Asian market. General Catalyst led the one-year-old startup’s Series A funding. Eight Roads Ventures, Elevation Capital, Arbor Ventures as well as existing investors Lightspeed and Accel participated in the round.

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Ampverse expands into India after acquiring 7Sea Esports

December 16, 2021

India-based esports team 7Sea Esports has been bought by Ampverse, marking the esports media company’s entry into the world’s largest mobile gaming market. According to Sensor Tower, India currently has the most mobile game downloads for a country, with almost half a billion year-on-year increase recorded in Q1 2021. It predicts gaming and esports will continue to see growth in India, with smartphone penetration and digital adoption swiftly increasing, and India is projected to exceed China as the world’s most populous country by 2025.

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