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A91 Partners led a $15m funding in FinBox.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Completed

Friendly

market research

India

Private Equity

Financial Data and Systems

Acquisition

Domestic

Minority

Private

Synopsis

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A91 Partners, a VC fund, led a $15m funding in FinBox, a web-based stock market research platform, with participation from Aditya Birla Ventures, Flipkart Ventures and Arali Ventures. "Financial services are moving out of the physical premises into the palms of the users, this requires credit and underlying value chains to be reimagined and built from the ground up for a digital-first era. FinBox is the most prominent credit infrastructure player in the region and we back the team to lead this transformation. FinBox is well placed to become the leading infrastructure player for banking-as-a-service internationally too," Kaushik Anand, A91 Partners Partner.

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