CosmicTaco
CosmicTaco

Rupifi Secures $2 Mn In Bridge Round

  • Rupifi, a B2B fintech startup, is raising $2 Mn from existing investors including Bessemer Venture Partners, Ankur Capital, and Quona Capital.
  • The funds will be raised via rights issue, involving the issuance of 66,427 pre-Series B3 CCPS at INR 1.82 Lakh each.
  • Cofounder Anubhav Jain emphasized that this is a small internal round, with plans to focus on building before a larger funding round.
  • Founded in 2020, Rupifi offers financial solutions like payment collection, reconciliation, taxation, and accounting, serving over 800 cities with more than 2.5 Mn transactions.
  • The fintech sector continues to attract significant investor interest, with India's market expected to reach $2.1 Tn by 2030.

Source: Inc42

Post image
5mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
Indian Startups
by DerpyTacoZepto

Zepto raising $300Mn

Zepto is reportedly looking to raise $300 Mn from domestic investors.

The family offices of Manipal Group’s Ranjan Pai, Mankind Pharma’s Ramesh and Rajeev Juneja, and Cipla will be joining the quick commerce major’s funding round.

Bol...

Top comment
user

How are they pumping so much money into a bleeding startup ?