# InnoTarget Fashalot Retail Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innotarget-fashalot-retail-pvt

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.twidpay.com/
- Total disclosed funding: $15M
- Latest round: Series A (Sep 12, 2022)
- Investors on record: 11

## About

Based in India, InnoTarget Fashalot Retail Pvt. Ltd. specializes in innovative financial technology solutions, primarily offering a digital wallet that enhances payment processing for businesses and consumers.InnoTarget Fashalot Retail Pvt. Ltd. was founded in 2015 in Bangalore, India, focusing on providing digital wallet solutions for seamless transactions. The firm has successfully raised a total of USD 11.45 mn across multiple funding rounds, with its most recent Series A funding of USD 11.45 mn led by Rakuten Capital on September 12, 2022. Founders Amit Koshal, Amit Sharma, and Rishi Batra lead the company, with Amit Koshal serving as CEO.Twidpay offers a robust suite of financial technology solutions aimed at enhancing payment processing for businesses and consumers. The company's core product is a digital wallet that facilitates seamless transactions through mobile and web applications, catering primarily to e-commerce platforms and retail businesses. This digital wallet allows users to store, manage, and transact using various payment methods, addressing common pain points such as transaction speed, security, and convenience. Since its launch, Twidpay has focused on markets in Southeast Asia and Europe, where it serves a diverse client base including small to medium-sized enterprises (SMEs), retailers, and end consumers looking for efficient payment solutions. With an emphasis on user-friendly interfaces and integration capabilities, Twidpay positions itself as a significant player in the digital payment landscape.In the most recent fiscal year of 2023, InnoTarget Fashalot Retail Pvt. Ltd. reported revenue of USD 0 and an EBITDA of USD -8,082.9.Following the recent funding round in September 2022, InnoTarget Fashalot Retail Pvt. Ltd. plans to utilize the raised USD 11.5 mn to expand its team and network, further accelerating its business growth. The company is also working on new product developments aimed at enhancing its digital wallet capabilities. Specific market expansions are focused on the Southeast Asia and European regions, with goals to increase its client base in these areas by the end of 2023.

## Funding rounds

- Series A, Sep 12, 2022, $11M — Google Inc., JIF Capital, Rakuten Capital, BEENEXT, January Capital, Surge, ICMG Partners, Reddy Futures
- Seed, Jun 15, 2021, $2.3M — BEENEXT, Surge
- Series A, Jul 23, 2017, $0.6M — YourNest Capital Advisors, Capillary Technologies India Limited, Whiteboard Capital
- Series A, Feb 29, 2016, $0.4M — YourNest Capital Advisors

## Investors

- YourNest Capital Advisors (https://capitalatlas.ai/funds/yournest-capital-advisors) — Series A
- Capillary Technologies India Limited — Series A
- Whiteboard Capital (https://capitalatlas.ai/funds/whiteboard-capital) — Series A
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed, Series A
- Surge (https://capitalatlas.ai/funds/surge) — Seed, Series A
- Google Inc. — Series A
- JIF Capital (https://capitalatlas.ai/funds/jif-capital) — Series A
- Rakuten Capital (https://capitalatlas.ai/funds/rakuten-capital) — Series A
- January Capital (https://capitalatlas.ai/funds/january-capital) — Series A
- ICMG Partners (https://capitalatlas.ai/funds/icmg-partners) — Series A
- Reddy Futures — Series A