Jupiter Nets $15 Mn At A Flat $600 Mn Valuation

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SUMMARY

The strategic round saw participation from existing backers Mirae Asset Venture Investments, BEENEXT, 3one4 Capital, and founder Jitendra Gupta

Jupiter bagged the fresh funds at a flat valuation of $600 Mn, the same at which it was pegged during its last fundraise in 2021

Jupiter slashed its net losses by 16% YoY to INR 275.94 Cr in FY24, while operating revenue soared 404% YoY to INR 35.85 Cr during the fiscal under review

Fintech startup Jupiter has reportedly raised…



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Jupiter Nets $15 Mn At A Flat $600 Mn Valuation


SUMMARY

The strategic round saw participation from existing backers Mirae Asset Venture Investments, BEENEXT, 3one4 Capital, and founder Jitendra Gupta

Jupiter bagged the fresh funds at a flat valuation of $600 Mn, the same at which it was pegged during its last fundraise in 2021

Jupiter slashed its net losses by 16% YoY to INR 275.94 Cr in FY24, while operating revenue soared 404% YoY to INR 35.85 Cr during the fiscal under review

Fintech startup Jupiter has reportedly raised…



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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