Muthoot FinCorp Funds BankBazaar

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SUMMARY

BankBazaar has raised a total of INR 55 Cr in its Series D2 round. The Peak XV-backed startup last raised INR 45 Cr (around $5 Mn) in its Series D1 round

BankBazaar has also inked a partnership with Muthoot FinCorp (an NBFC) to enter the gold loans business

With its foray into gold loans, BankBazaar would now be locking horns with the likes of Jar, Gullak and Rupeek in the Indian lending tech space, expected to become a 1.3 Tn opportunity by 2030

Chennai-based fintech BankBazaar has secured an undisclosed amount from…



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Muthoot FinCorp Funds BankBazaar


SUMMARY

BankBazaar has raised a total of INR 55 Cr in its Series D2 round. The Peak XV-backed startup last raised INR 45 Cr (around $5 Mn) in its Series D1 round

BankBazaar has also inked a partnership with Muthoot FinCorp (an NBFC) to enter the gold loans business

With its foray into gold loans, BankBazaar would now be locking horns with the likes of Jar, Gullak and Rupeek in the Indian lending tech space, expected to become a 1.3 Tn opportunity by 2030

Chennai-based fintech BankBazaar has secured an undisclosed amount from…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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