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Mumbai-based payments startup solution raises Rs 800 crore

Mumbai-based payments startup solution ItzCash has reportedly raised Rs 800 crore from US-headquartered Ebix against an 80% stake in the company. According to reports, the earlier investors of ItzCash like  Matrix Partners, Lightspeed Venture Partners and Intel Capital, have taken the exit for returns between three-five times of their investment. Notably,  ItzCash provides financial services.

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