PE Fund Investments
Digital gold loans provider Rupeek raises $34-M from Lightbox, GGV, others
Bengaluru-based gold loans provider Rupeek has raised USD 34 million in a fresh round of funding led by Lightbox. Existing investors including GGV and Bertelsmann also participated in the funding. The company, which is now valued at USD 634 million, will use the funds to scale further and invest in new products. Founded in 2015, Rupeek provides gold loans at consumers' doorsteps. It currently operates in more than 35 cities and had touched an annual disbursement run rate of USD 1 billion in December.
From the Venture Intelligence PE-VC Deal Database: Between Jan-17 and Mar-21, Rupeek had raised over $135 M from Vostok Emerging Finance, GGV Capital, Bertelsmann India Investments, Multiply Ventures, DMI Group, Accel India, KB Investment, Tanglin Venture Partners, Sequoia Capital India, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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