Rupifi to raise funds via right issue

Here’s the summarized information based on the provided content:

Funds Raised

• Amount: Rs 1,215 crore ($146 million) (planned)
• Current Round Size: ~$2 million

Investors

• Existing Investors:
  • Bessemer
  • Quona Capital
  • Ankur Capital
  • Tiger Global (previous investor)

Startup Information

• Name: Rupifi
• Founded: 2020
• Location: Bengaluru, India

Founders

• Name: Anubhav Jain

Fundraise Series

• Series A: $25 million, led by Tiger Global and Bessemer in 2022
• Current Round: Bridge round to raise ~$2 million

Dates

• Founded: 2020
• Series A Raise: 2022 (specific date not provided)
• Current Fundraising Announcement: Recent (exact date not specified)

Additional Notes

• Rupifi specializes in B2B payments and provides services like Line of Credit and Invoice Financing for MSMEs.
• The funds will be used to support business operations and address capital requirements.

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2025-03-03 06:10:34