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

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

01/11/22, 12:17 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgbengaluru
Money raised
$34 million
Industry
financial services
Bengaluru: Gold loans provider Rupeek said on Tuesday it has raised $34 million in a fresh round of funding led by Lightbox.

Company Info

Company
Rupeek
Location
bengaluru, karnataka, india
Additional Info
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.