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.

Flipkart co-founder Binny Bansal has put the money, along with top Silicon Valley-based investor GGV Capital, Bertelsmann India Invest­ments, KB Investments and Tanglin Venture Partners.
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Flipkart co-founder Binny Bansal has put the money, along with top Silicon Valley-based investor GGV Capital, Bertelsmann India Invest­ments, KB Investments and Tanglin Venture Partners.

Yuvraj Malik New Delhi
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

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First Published: Feb 25 2020 | 11:19 PM IST

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