Itz Cash Gets $10 Million From Matrix Partners And Intel Capital; Interview With Avnish Bajaj

Entities Mentioned

• Yatra
• Irctc
• Intel Capital
• Avnish Bajaj
• Parliament
• Itz Cash
• Matrix Partners
• TiE

1. Zee group company Intrex India, which provides prepaid payment solution Itz Cash, has received $10 million in funding, led by Matrix Partners, along with co-investor Intel Capital. There's no comment on the size of the stake. Itz Cash claims a 100,000 strong distribution network across 500 towns in India, and offer cards ranging from Rs. 100 to Rs. 10,000, and an online base of 2500 merchants [via release]. Cash cards like Itz Cash, Done Cash Cards and Icash Card are used extensively for shopping and booking tickets online - around 7 percent of total monthly transactions ... (Read Full Article)
   
   

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