On June 11, 2020, Sparrow Tech Private Limited closed the transaction. The company received $3,500,000 in its series A round of funding led by new investor HDR Global Trading Limited. The transaction included participation from new investors Signum Capital, Du Capital, and FinLab EOS VC Europe I GmbH & Co. KG, a fund managed by FinLab AG (XTRA:A7A).