Digital payments platform Instamojo raises ₹50-crore funding

Bengaluru-based digital payments and e-commerce platform Instamojo has raised about ₹50 crore ($7 million) in a Series B funding round. Investors including Japanese payments firm AnyPay, Kalaari Capital, BEENEXT and Japan's Gunosy Capital participated in the round. Founded in 2012, Instamojo provides payments solutions, business tools, and connections to micro, small and medium enterprises.