The funding round may also see participation from external investors for the first time
Super.money is reportedly looking at nearly 30% dilution in the new funding round
Super.money last month surpassed Amazon Pay in terms of the number of UPI transactions processed, after five months of its launch
Ecommerce major Flipkart
is reportedly in talks to lead a $35-40 Mn funding in its fintech startup Super.money.
The funding round may also see participation from external investors for the first time as per an ET report, citing sources. However, the e-commerce giant will retain the major stake/ ownership, the report said.
It further added that Super.money is looking at nearly 30% dilution in the new funding. The details of the round will be finalised by the end of this month.
Super.money last month surpassed Amazon Pay in terms of the number of UPI transactions processed, after five months of its launch.
It emerged as the seventh largest player in the UPI ecosystem in November last year.
(The story will be updated soon)
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