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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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