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Jupiter Snags Exclusivity Rights From Tiger Global As It Closes $86 Mn Funding

Dec 27, 2021•over 3 years ago

Amount Raised

$86 Million

Bengaluru

Description

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 Information

Company

Jupiter

Location

Bengaluru, Karnataka, India

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech