Mumbai and Bengaluru-based neobanking startup Jupiter has raised $44 million from investors in its Series B round, and is now valued north of $300 million. With the latest round of funding now in, Jupiter plans to hire more talent and scale up the business.
This round takes place just one month after the invite-only launch of Jupiter’s beta app, and gathers global investors led by Brazil-based Nubank, Global Founders Capital, Sequoia Capital India, and Matrix Partners India. Mirae Assets Venture also joined the round. All existing investors, including Addition Ventures, Tanglin VC, Greyhound, 314 Capital, and Beenext, participated pro-rata in the round.
