India, Feb. 11 -- Digital payments startup ToneTag has raised Series B2 funding of INR 674 Cr ($77.5 Mn) in a mix of primary and secondary deal co-led by ValueQuest Scale Fund and Iron Pillar.

The round also saw participation from existing investor Elevate Capital.

Kumar Abhishek, founder and CEO of ToneTag, said, "This funding round is a testament to the trust our investors have in our vision and technology prowess. With their support, we are ready to take the next big leap of bringing awe-inspiring experiences in the hands of consumers and expanding our solutions globally."

The Bengaluru-based company plans to deploy the fresh proceeds to scale up its operations and expand into global markets, besides bolstering its customer payment ...