Rupeek gets $60 million led by GGV, Binny Bansal and Bertelsmann

NEW DELHI: Rupeek Fintech has raised $60 million (about Rs 432 crore) across two separate rounds, led by GGV Capital, Binny Bansal and Bertelsmann India Investments, among others.

The startup, which provides loans against gold as collateral, said it will use the proceeds from the latest funding round to further invest in technology and to acquire customers. KB Investments, Tanglin Ventures, Sequoia India and Accel Partners have also participated in the funding rounds, the company said.

Rupeek is now valued at $300 million, after the closure of the rounds, news agency Bloomberg said. The company, however, did not provide details on its valuation.