PeLocal Raises $2 Million in Seed Funding

Indian fintech startup PeLocal has secured $2 million in seed funding led by Unicorn India Ventures, following a prior raise of $1.06 million in the same round. The funding will be utilized to enhance its platform and accelerate market rollout strategies, particularly in leveraging WhatsApp for payment transactions. PeLocal has experienced significant growth, increasing its monthly payment transactions from 500,000 to 3 million over the past year and aims to reach 10 million monthly transactions within the next year. The company serves various clients, including Delhi Metro and several insurance providers, focusing on secure, customer-centric payment solutions. Meanwhile, Proost, a beer startup, raised INR 30 crore in Series-A funding to expand its market presence and product offerings, highlighting the vibrant investment landscape for Indian startups.