PE Fund Investments
Instant gold loan provider Rupeek to raise $16-M from Accel, Sequoia, others
Bengaluru-based gold loan provider Rupeek is raising close to USD 16 million in a fresh round of funding from Accel India and Sequoia Capital India, among others. The funding round will also see participation from Bertelsmann and ZNL Growth Fund. Founded in 2015 by Sumit Maniyar, Rupeek provides instant gold loans.
From the Venture Intelligence PE-VC Deal Database: Between Jan 17 and Jan 22, Rupeek had raised over USD 167 M from Sequoia Capital India, Bertelsmann India Investments, Tanglin Venture Partners, GGV Capital and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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