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IPO-bound BankBazaar.com reports 36% revenue growth in FY24, losses nearly flat

To fuel its growth requirements, the company has secured over Rs 50 crore in two independent debt financing rounds led by Tata Capital and Nuvama Asset Management. BankBazaar, which has raised around $116 million in equity so far, is also in the process of raising another round of equity in the ongoing Series D2 round.
Adhil Shetty Pankaj Bansal Tata Capital Nuvama Asset Co Founder Adhil Chief Business Officer

BankBazaar preparing for IPO; FY24 net revenue at Rs 215 crore

BankBazaar IPO: "The company has secured over Rs 50 crore in two independent debt financing rounds led by Tata Capital and Nuvama Asset Management. It is also in the process of raising another round in equity in the ongoing Series D2 round. The debt round was closed early this year while the equity round is ongoing and expected to close by the coming quarter," BankBazaar mentioned.
Indian Fintechs Pankaj Bansal Adhil Shetty Tata Capital Nuvama Asset Chief Business Officer

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