Private Equity Private Equity Fund Investments
Neobank startup Zolve raises $40-M from DST Global, Tiger Global, others
Bengaluru-based fintech startup Zolve has raised INR 300 crore (USD 40 million) in Series A funding from DST Global with participation from Tiger Global, Alkeon Capital, as well as existing investors including Accel India and Lightspeed Ventures. The funding round has raised Zolve's valuation to INR 1,575 crore.
The fresh funds will be used to scale the company's Neo-banking platform, expand the product suite and ramp up hiring and technology.
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From the Venture Intelligence PE-VC Deal Database: In Feb-21, Zolve raised $15-M from Blume Ventures, Accel India, Lightspeed Ventures, and others.