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HomeNewsDeal Street
16 Jan 2018 7:31 AM GMT

EarlySalary raises $15.7 million in fresh funding

By Legal Era

EarlySalary, a new FinTech start-up based in Pune has managed to raise $ 15.7 million in a Series B funding round led by Eight Roads Ventures India.In May 2017, EarlySalary had raised $4 million in a Series A round of funding from its existing investors.EarlySalary was advised by LegaLogic Consulting, who acted as the sole legal counsel in the deal. EarlySalary was represented by Co-Founders...

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earlysalary

EarlySalary, a new FinTech start-up based in Pune has managed to raise $ 15.7 million in a Series B funding round led by Eight Roads Ventures India.

In May 2017, EarlySalary had raised $4 million in a Series A round of funding from its existing investors.

EarlySalary was advised by LegaLogic Consulting, who acted as the sole legal counsel in the deal. EarlySalary was represented by Co-Founders and Partners Vivek Sadhale and Vikas Agarwal along with Legal Advisor Tanvi Ghate.

The Eight Roads Ventures India represented by company’s Partner Maheshwari Sundaresh, was ably advised by Cyril Amarchand Mangaldas.

According to reports, existing investors of EarySalary, IDG Ventures India, Dewan Housing Finance and seed investors led by Ashok Agarwal also took part in the deal.

The current fundraising will help EarlySalary to expand its product offering with plans to increase the number of disbursals to 100k per month.

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