Fintech startup FamPay, has raised $38 million as part of its Series A funding led by Elevation Capital.

Existing investor Sequoia Capital India, along with other investors including Venture Highway, YCombinator, Global Founders Capital also participated in this round.

IndusLaw advised Elevation and Sequoia and the team was led by Partners Siddharth Manchanda and Minhaz Lokhandwala along with Associates Anushree Kacker, Mudit Chauhan, and Nikunj Poddar.

Inventus Law represented Fampay, Inc. with a team led by its Founder and Managing Partner Anil Advani.

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