Bengaluru-based gold loan startup Rupeek is looking to raise fresh funding of $50 million, at valuations higher than its last financing round in 2024, on the back of improved financials and steady growth in its core business, two people aware of the plans told ET.
The Peak XV Partners-backed startup is in the process of meeting investment bankers for the deal, said the people cited above.
Rupeek had achieved a valuation of more than $600 million in 2022, but in 2024 the firm raised funding from Elevation Capital and 360 One at a discount of 40 to 50%….
