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Jupiter raises Rs 20 crore ($2.4 million) in Series A funding led by Peak XV Partners and joined by Matrix Partners and QED Fund

Jun 20, 2024•over 1 year ago

Amount Raised

$2.4 Million

MumbaiFintechFinanceBanking

Investors

Bairavan Amrish RauMirae Asset Venture InvestmentsGreyhound Capital PartnersTiger GlobalGlobal Founders CapitalBee Accelerate Fund (Beenext)Qed FundMatrix PartnersPeak Xv Partners

Description

Jupiter, a neobanking platform, has secured strategic funding for its NBFC business through a maiden equity round for Amica Finance. The company issued 97,89,529 Series A compulsory convertible preferred shares to raise Rs 20 crore or $2.4 million.

Company Information

Company

Jupiter

Location

32, Viraj, Plot Number 124, Above HDFC Bank, SV Road, Khar-West 3rd Floor

Mumbai, Maharashtra, India

About

Jupiter is an all things money app with one simple aim – to deliver a financial experience that keeps pace with you. We help you cut through the jargons, offer smart insights based on your spending, and provide you with a range of new-age features to enable you to make sense of your finances.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers