Canaan Partners Invests INR 200 Million In Loylty Rewardz

Date:04/10,11,

Private Equity,

Cross Border Deal,

Loylty Rewardz Management Pvt Ltd, a Mumbai based loyalty and rewards management company, receives private equity investment of INR 200 million from Canaan Partners.

In November 2009

Loylty Rewardz Management Pvt Ltd, a Mumbai based loyalty and rewards management company, receives private equity investment of INR 60 million from  eYantra Industries Ltd, Ventureast Proactive and Argonaut Private Equity. eYantra Industries Ltd exit from Loylty rewards at more than 2.5X return.

Loylty Rewardz  Management Pvt Ltd founded in 2006 by Bijai Krishnan Jayarajan. Currently, the company runs debit card loyalty program - FreedomRewardz for State Bank Group customers, myWorldMiles.com for Deutsche Bank, PremierMiles.co.in for Citibank and www.pnbRewardz.com for Punjab National Bank.