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New Deal


Announced

Completed

Tiger Global and Sequoia Capital India led a $86m Series C funding round in Jupiter.

Financials

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Transaction Value£63m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

India

Banks

Cross Border

neobank

Venture Capital

Acquisition

Completed

Friendly

Private Equity

Single Bidder

Minority

Synopsis

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Tiger Global and Sequoia Capital India led a $86m Series C funding round in Jupiter, a neobanking platform, with participation from QED Investors and Matrix Partners India. “We feel that we are in a very unique time wherein consumers are adopting technology faster than expected. Consumers are looking for a place where they can get better experience for their finances rather than just a plain vanilla banking app,” Jitendra Gupta, Jupiter Founder and CEO.

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