Rupeek raises $34 Mn led by Lightbox
Online platform for gold-backed loans Rupeek has raised $34 million in a round led by Lightbox. Existing investors including GGV and Bertelsmann also participated in the fresh round. Media reports suggested that the company has reached the post money valuation of $634 million. As per Fintrackr’s estimates, it was valued at around $515 million during a $33 million tranche in March last year. The six year old company claims that it has over five lakh customers in over 30 cities across India, with 55% of its customers being first-time borrowers. Continue reading Rupeek raises $34 Mn led by Lightbox at Entrackr.
Online platform for gold-backed loans Rupeek has raised $34 million in a round led by Lightbox. Existing investors including GGV and Bertelsmann also participated in the fresh round.
Media reports suggested that the company has reached the post money valuation of $634 million. As per Fintrackr’s estimates, it was valued at around $515 million during a $33 million tranche in March last year.
The six year old company claims that it has over five lakh customers in over 30 cities across India, with 55% of its customers being first-time borrowers.
