Rupeek operates an online gold-loan platform that offers secured loans against gold jewellery. The company is headquartered in Bengaluru, Karnataka and was founded in 2015, employing between 1,001 and 5,000 people. Rupeek has raised $120.94M in total to date. It is pursuing a multi-phase capital raise and the board has approved issuing 5,801 compulsory convertible preference shares at INR 2,15,467 per share as part of a plan to raise INR 250 crore. Recent fundraising activity includes primary funding from Elevation Capital and a May investment from 360 One Large Fund, with further capital expected from Claypond Capital. Founder Sumit Maniyar, key employees and early backer Bertelsmann are also considering secondary share sales to Claypond. Despite challenges scaling operations, the company continues to attract institutional investment. Rupeek operates an asset-backed digital lending platform that digitises the process of obtaining secured credit against gold, enabling instant loans from users' homes. The company has doubled its gold loan disbursals in December 2021 compared to 2020 and reported an annual disbursement run rate of $1 billion in December 2021. Rupeek has disbursed loans worth over Rs 6,500 crores and serves customers in 35+ cities, with 55% of borrowers being first-time borrowers. It is developing a lineup of new, tech-led products currently in pilot to monetise India’s estimated $2 trillion in gold assets. The firm says the funds will be used to significantly scale and build India’s largest digital asset-backed fintech platform. Rupeek is headquartered in Bangalore. Rupeek is an asset-backed digital lending fintech founded in 2015 by Sumit Maniyar that operates a branchless online gold loan platform. The company leverages technology to reduce operating costs and pass benefits to customers. It operates across 30 cities and disburses over $69 million (≈Rs 500 crore) a month. Rupeek works with lending partners including ICICI Bank, Karur Vysya Bank, and Federal Bank. The company recently completed a Series E financing, reflected in regulatory filings showing the allotment of Series E preference shares. Rupeek Fintech is an Indian online lender that issues loans collateralized by gold jewelry and family heirlooms. The company operates a digital platform to underwrite and disburse these secured loans. Recent reporting notes the business has demonstrated sharp growth in recent months. The article states Rupeek raised $60 million from investors including GGV Capital and Binny Bansal’s BTB. No revenue, user metrics, or detailed future plans were disclosed in the article. Rupeek is a Bengaluru-based fintech startup. According to the article, it has raised $30 million in a funding round. The round was led by Bertelsmann India Investments. The article does not describe the company’s product, business model, revenue, user metrics, or intended use of proceeds. No information on prior funding rounds or the company’s founding year was provided in the piece.

Total raised

$179M

Funding rounds

6

Latest round

Equity

Latest activity

Jun 2024