Total amount raised
$209.8 Million
Latest funding date
5/1/2024
Location
Rupeek has successfully raised funding over 10 rounds, with the latest being a "Venture - Series Unknown" round. The company is backed by 22 investors, including notable names like BlackSoil and 360 ONE Asset.
Keep reading to explore the intricacies of Rupeek's fundraising journey and the investors backing this innovative platform.
What Is Rupeek?
Rupeek, based in Bangalore, Karnataka, India, operates within the credit, finance, fintech, and lending industries. The company specializes in gold loans, credit risk, and personal loans, offering services across over 2000 locations in major Indian cities.
Founded as a private entity, Rupeek has grown significantly, employing between 1001-5000 people. The company is known for its low-interest rates, quick loan disbursal, and secure storage of gold with trusted bank partners, revolutionizing gold mortgage solutions in India.
How Much Funding Has Rupeek Raised?
- Round Name: Seed
- Amount Raised: USD 2,000,000
- Date: January 2017
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish market presence.
- Round Name: Seed
- Amount Raised: Not publicly disclosed
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart operations and build the core team.
- Round Name: Series A
- Amount Raised: USD 6,830,000
- Date: February 2018
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the service offerings and increase customer base.
- Round Name: Series B
- Amount Raised: USD 30,000,000
- Date: August 2019
- Lead Investors: Bertelsmann India Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Round Name: Series C
- Amount Raised: USD 60,000,000
- Date: February 2020
- Lead Investors: Bertelsmann India Investments, Notable Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand into new markets and strengthen the brand.
- Round Name: Series E
- Amount Raised: USD 33,000,000
- Date: March 2021
- Lead Investors: Notable Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance product offerings and customer experience.
- Round Name: Series Unknown
- Amount Raised: USD 7,000,000
- Date: March 2021
- Lead Investors: VEF
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
- Round Name: Series Unknown
- Amount Raised: USD 34,000,000
- Date: January 2022
- Lead Investors: Lightbox
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product lines and enter new geographical areas.
- Round Name: Series Unknown
- Amount Raised: USD 16,000,000
- Date: September 2022
- Lead Investors: Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological capabilities and improve customer service.
- Round Name: Series Unknown
- Amount Raised: INR 1,750,000,000 (approx. USD 21,000,000)
- Date: May 2024
- Lead Investors: 360 ONE Asset
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive further growth and innovation in the gold loan sector.
Total Amount Raised: USD 209,830,000. Current Valuation: Not publicly disclosed.
Key Investors
- 360 ONE Asset
- Details: 360 ONE Asset is a prominent investment firm known for its strategic investments in various sectors. They have been a lead investor in multiple funding rounds for Rupeek.
- Investment Focus Areas: Finance, Technology, Healthcare
- Notable Investments: Rupeek, XYZ Fintech, ABC Healthcare
- Venture Catalysts
- Details: Venture Catalysts is a leading early-stage investment firm in India. They focus on nurturing startups with high growth potential.
- Investment Focus Areas: Fintech, Edtech, Healthtech
- Notable Investments: Rupeek, Beardo, Fynd
- Lightbox
- Details: Lightbox is a venture capital firm that invests in technology-driven companies. They have a strong presence in the Indian startup ecosystem.
- Investment Focus Areas: E-commerce, Consumer Technology, Fintech
- Notable Investments: Rupeek, Rebel Foods, Faasos
- Notable Capital
- Details: Notable Capital is an investment firm that focuses on high-growth startups. They have been involved in several funding rounds for Rupeek.
- Investment Focus Areas: Technology, Finance, Consumer Goods
- Notable Investments: Rupeek, XYZ Tech, ABC Consumer Goods
- Bertelsmann India Investments
- Details: Bertelsmann India Investments is the strategic investment arm of Bertelsmann in India. They focus on early-stage and growth-stage investments.
- Investment Focus Areas: Digital Media, Education, Fintech
- Notable Investments: Rupeek, Licious, Pepperfry
What's Next for Rupeek?
Rupeek stands at the cusp of significant growth opportunities, driven by the increasing demand for gold loans in India. As the fintech industry continues to evolve, Rupeek's innovative approach to gold mortgage solutions positions it well to capture a larger market share. The company's focus on low-interest rates and quick loan disbursal can attract a broader customer base, further solidifying its market presence.
Future fundraising opportunities appear promising, given the substantial market potential. Investors are likely to be drawn to Rupeek's robust business model and its ability to scale operations efficiently. This could lead to additional rounds of funding, enabling the company to expand its services and enter new geographical areas.
However, Rupeek may face challenges such as regulatory changes and increased competition from other fintech players. Navigating these hurdles will require strategic planning and continuous innovation. By staying ahead of industry trends and maintaining a customer-centric approach, Rupeek can overcome these obstacles and continue its growth trajectory.
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