Digital payments service TranServ secures $15 million investment, led by Micromax

TranServ, a digital payments company, has closed an investment of $15 million.
TranServ, a digital payments company, has closed an investment of $15 million. The Series C funding round is being led by Micromax Informatics and IDFC SPICEFund, a domestic venture capital fund managed by IDFC Asset Management Company, along with existing investors Nirvana and Faering Capital India Evolving Fund.
TranServ had recently launched its own mobile wallet called Udio and has a strategic partnership with Vi