Rupeek raises $60 million from Binny Bansal, GGV Capital and others

Rupeek did not disclose the break-up of investment by funders or its valuation, but sources close to the deal pegged the five-year-old start-up's valuation at $300 million.

Rupeek, a fintech app that lets people secure loans against gold, has raised $60 million in its latest funding round, the company said in a statement on Tuesday. 

Flipkart co-founder Binny Bansal (pictured) has put in money. So has top Silicon Vall­ey investor GGV Capital along with Bertelsmann India Inve­stments, KB Investments and Tanglin Venture Partners. Exi­s­­ting investors Sequoia India and Accel Part­ners also participated in the round.  Rupeek did not disclose the break-up of inve­stment by fun­ders or its valuation, but so­u­r­ces pegged the five-year-old start-up’s valuation at $300 million.

Rupeek is a non-banking financial services company set up