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

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

12/23/21, 6:59 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/IN.svgbengaluru
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.

Company Info

Company
Open
Location
bengaluru, karnataka, india
Additional Info
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.