Lightspeed Leads Rs 50 Crore Investment in ItzCash
Lightspeed Venture Partners has led a Rs 50 crore investment round in Essel Group-promoted Itz Cash Card, picking up an undisclosed stake in the Mumbai-based multi-purpose pre-paid card company. Existing investors Matrix Partners India and Intel Capital, who invested $10 million in the company in 2007, have also participated in this round. The company will use the money to venture…