Former RJio, Voda Executives’ Startup Billbachao Set To Raise Up To Rs 50 Crore To Fund Expansion

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Billbachao, the web-cum-mobile application-based service, is looking to raise up to $8 million (about Rs 50 crore) in its first funding round from venture capitalists or strategic investors as part of its expansion plans.

“We have a choice to go either for the usual venture capital or the strategic investor route. We are in discussions with venture capitalists and a couple of strategic investors. We expect to close this in a week or so,” Jonathan Bill, managing director and co-founder of Billbachao, told ET.

Bill, who worked for Vodafone India earlier, said that the company could raise $2-8 million depending on the funding route it takes. The strategic investor route could fetch bigger investment and result in much closer relationship, he added. Original post at ET Telecom

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Wahengbam Rorrkychand

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