Jupiter Snags Exclusivity Rights From Tiger Global As It Closes $86 Mn Funding
12/27/21, 4:31 PM
Location
bengaluruMoney raised
$86 million
Bengaluru: Consumer-focused neobank Jupiter, started by former Citrus Pay founder Jitendra Gupta, has closed its latest funding with Tiger Global co-leading the round. What’s significant is that Tiger, in a rare move, has agreed to not invest in any rival consumer facing neobank in India, sources briefed on the matter said.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The company received more than 1.5 lakh requests from users for early access within the first two weeks of launch. Jupiter, last month, said it is expected to on-board one million users by the end of this year as it allowed new users to join based on referral from existing users.