Fintech startup Rupeek has raised $30 million, led by Bertelsmann India Investments, with participation from existing investors Accel and Sequoia India. The funding is expected to be completed in two tranches, and will be used for product development and market expansion. Rupeek disburses gold loans at an annual run rate of more than $150 million.

— The Economic Times

Update 30 August 2019: Rajaram Legal advised Rupeek Fintech Private Limited led by a team of partner Priyadarshani Sherchan, senior associate Aakanksha Pagnis, associate Mahima Pradeep.

Khaitan & Co advised Bertelsmann Nederland B.V led by a team of partner Mayank Singh, principal associate Sanchit Agarwal, associate Abin Francis assisted by partner Tanvi Kumar in corporate matters.

Update 26 August 2019: IndusLaw advised Accel India V (Mauritius) Ltd and SCI Investments V (Sequoia) led by a team of partner Anindya Ghosh, principal associate Mayukh Dutta and associate Manan Dua.

2019-08-12

Deal value: USD 22 million

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