Rupeek Picks Up $34 Million In Fresh Round Led By Lightbox

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The company touched an annual disbursement run rate of $1 billion in December, it said on Tuesday. The company claims it has disbursed loans worth over Rs 6,500 crore to date, and that 55% of its customers are first time borrowers. Before that, the company had raised $60 million in 2020, across two separate rounds led by GGV Capital, Binny Bansal and Bertelsmann India Investments. Gold loans provider Rupeek said on Tuesday it has raised $34 million in a fresh round of funding led by Lightbox. Rupeek said it would use the funds to scale further and invest in new products. Founded in 2015, Rupeek provides gold loans at consumers' doorsteps.