Announced
Completed
Financials
Sources
Tags
Completed
Domestic
Venture Capital
Friendly
Acquisition
Consumer Lending
Private Equity
Private
Single Bidder
personal loans
credit risk analysis
lending platform
gold loan
India
Minority
Synopsis
Lightbox, a global venture capital firm, led a $34m funding round in Rupeek, a gold loans provider, with participation from GGV and Bertelsmann. “Rupeek is the first brand that has digitised the entire process of obtaining secured credit against gold holdings, allowing users to get instant credit from the comfort of their homes. Our aim is to set the foundation for tech-led gold monetisation in the country through unique, industry-first innovations and unlock growth and credit for a billion Indians,” Sumit Maniyar, Rupeek Founder and Chief Executive.
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