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Europe-based Vaalon Capital invests Rs 104 crore in MyMoneyMantra

MyMoneyMantra (MMM), which provides secured and unsecured loans, insurance policies, credit cards through its online and physical distribution network, has raised Rs 104 crore from Europe-based Vaalon Capital.

The fresh fund will enable the firm to expand its footprint across 10 more cities, improving customer experience and enhance the spaces like digital marketing and data analytics. Founded in 2016, Vaalon capital is self-standing private equity and consulting entity which will have representation on MMM board, as per the deal. (Source)

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