Bengaluru: The stampede of unicorns continues even in the last few days of the year, with one more startup on its way to join the not-so-rarified club of companies valued at $1 billion and more. Sources told us that the Google-backed neobank Open is in advanced stages of talks to close a fresh funding round of $100-150 million after which it will be valued at $1.1-1.3 billion.

Post this funding, Open is now valued at $500 million compared to around $150 million in a previous funding round. Open will also use the new capital to strengthen its leadership team and plans to hire around 800 people across functions like technology, product and business teams.

Neobank Open Expected To Enter Unicorn Club With New Funding Of $100-150 Million

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