Rupeek
India's leading asset-backed, digital lending fintech platform offering online gold loans through a hybrid-branch model in partnership with banks, with customer gold stored in secure partner bank vaults.
Rupeek: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 26 Jun 2024 | Series F | Rs 125 Cr (~$15 Mn) | Elevation Capital | source |
| 14 May 2024 | Undisclosed | Rs 50 Cr | 360 One Large Value Fund | source |
| 11 Jan 2022 | Series E | $34 Mn — second tranche | Lightbox Bertelsmann India Investments GGV Capital | source |
| 18 Mar 2021 | Series E | $33 Mn (Rs 239 Cr) — first tranche | GGV Capital Bertelsmann India Investments Gemini Investments High Sage Investments Vostok Emerging Finance | source |
| 25 Feb 2020 | Series D | $30 Mn | Binny Bansal GGV Capital KB Investments Accel Bertelsmann India Investments Sequoia Capital | source |
| 12 Aug 2019 | Series B | $30 Mn | Bertelsmann India Investments Accel Sequoia Capital India | source |
| 10 Feb 2018 | Series A | $6.83 Mn (INR 44 Cr) | Accel Sequoia Capital | source |
| 1 Jan 2016 | Seed | $346K (INR 2.23 Cr) | Anand Chandrasekaran Anupam Mittal Kunal Shah Ravi Garikipati | source |
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Who founded Rupeek?
Rupeek was founded by Sumit Maniyar, Ashwin Soni in 2015.
How much funding has Rupeek raised?
Rupeek has raised $155.13 Mn across 8 tracked funding round(s), most recently on 2024-06-26. Figures are compiled from cited public sources.
Who are the investors in Rupeek?
Investors in Rupeek include Elevation Capital, 360 One Large Value Fund, Lightbox, Bertelsmann India Investments, GGV Capital.
What does Rupeek do?
India's leading asset-backed, digital lending fintech platform offering online gold loans through a hybrid-branch model in partnership with banks, with customer gold stored in secure partner bank vaults.
Where is Rupeek headquartered?
Rupeek is headquartered in Bengaluru, Karnataka, India.
What is Rupeek's business model?
Rupeek's core value proposition centers on Lowest interest rates, asset-backed gold loans, Democratising access to secured credit, Doorstep service avoiding stigma of pledging gold.
How does Rupeek make money?
Rupeek's cited revenue streams include Interest income on gold-backed loans, Processing and late payment fees.