Virtual credit card app Kiwi’s valuation jumps to $100 Mn in Series B round

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Virtual credit card startup Kiwi recently secured $24 million or Rs 208.5 crore in its Series B round from Vertex Ventures with participation from existing backers Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network.

The Bengaluru-based company did not disclose key details such as its post-money valuation and shareholding structure, but Entrackr has sifted through the regulatory filings to uncover the critical details.

The board at Kiwi passed a special resolution to issue 20,251 Series B compulsory convertible preference shares at…



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Virtual credit card app Kiwi’s valuation jumps to $100 Mn in Series B round


Virtual credit card startup Kiwi recently secured $24 million or Rs 208.5 crore in its Series B round from Vertex Ventures with participation from existing backers Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network.

The Bengaluru-based company did not disclose key details such as its post-money valuation and shareholding structure, but Entrackr has sifted through the regulatory filings to uncover the critical details.

The board at Kiwi passed a special resolution to issue 20,251 Series B compulsory convertible preference shares at…



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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