Wealth management platform INDmoney has raised $75 million in Series D round from marquee global investors Steadview Capital, Tiger Global, and Dragoneer Investment Group. Following this Series D round, INDmoney’s total capital raise stands at $133 million with an approximate balance capital available of $120 million besides additional capital from other incoming investors, according to a press release from the company.
According to media reports, upon the latest funding round, INDmoney’s valuation is reportedly pegged at around $640 million, making it a soonicorn. INDmoney will use this money to create a ‘Super Banking platform’ and a one-stop shop for people’s investments and expenses, the release stated.