The round was led by Susquehanna Asia Venture Capital, with participation from existing investors Elevation Capital, Long Journey Ventures, and Peak XV Partners, while MakeMyTrip joined as a new investor.
India scrambles to navigate through the supply chain disruptions caused by the ongoing Middle East conflict, and tackle the ripple effect on the local economy and industries.
Through GCC Innovation Acceleration Program, NTT DATA will support GCC establishment and enhancement from planning and governance design to talent development and process optimization.
The platform combines LTTS' MedTech expertise across medical imaging, AI-driven diagnostics, and connected healthcare systems with NVIDIA AI infrastructure to enable greater precision and enhanced outcomes.
The planned IPO is expected to be structured mainly as an offer for sale (OFS), which would allow existing shareholders to partially sell their stakes rather than raise fresh capital for the exchange.
Before this round, the company had raised around USD 183 million from investors including Lightrock, the International Finance Corporation, FMO and 57 Stars.
The collaboration will focus on sectors such as pharma and medical equipment, space and aerospace, defence, mobility and smart infrastructure, as well as deeptech, artificial intelligence and other emerging technologies.
With the approval, CRED—through its entity Dreamplug Paytech Solutions Private Limited—can onboard merchants, collect payments across various instruments, and manage settlements and refunds on their behalf.