Training of doctors to update them with the latest developments in the medical world is where Ebix senses an opportunity.
Entities such as Mswipe and Ezetap have boosted their revenue figures and narrowed their loss margins.
“We are trying to bridge the information asymmetry that exists in the country,” said founder CS Sudheer.
The round also saw the participation of its existing investor Prime Venture Partners which had invested $1million in the company last year.
While smartphone-based transactions showed strong growth, traditional card payments also grew at 8% month-on-month.
As part of his role on the company’s advisory board Chandra will be advising Rajeev Agrawal, Innoviti’s chief executive and the leadership team.
In order to pay via FreeCharge on PhonePe, customers can link FreeCharge. Also FreeCharge will show up on the customers’ and merchants’ app at the PhonePe payment path.
CEO Amrish Rau said the company was not very keen on pushing forward its consumer-facing business.
Asbe, who has previously worked with Euronet and Prizm Payments had joined NPCI way back in January 2010 as its first employee and as a chief technology officer.
Shamik Sharma was previously with fashion portal Myntra as its chief technology and product officer.
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