Fintech Startup Rupeek Raising Over $7 Mn From Accel, Sequoia Capital, Others
Gold loan provider startup Rupeek is raising close to $7.4 Mn from Accel India, Sequoia Capital, Bertelsmann, among others
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Gold loan provider startup Rupeek is raising close to $7.4 Mn from Accel India, Sequoia Capital, Bertelsmann, among others
Sumit Maniyar and Ashwin Soni founded Rupeek in 2015 to facilitate gold loan lending and monetise India's idle gold.
Bengaluru-based gold loan provider Rupeek has laid off around 200 people from its workforce across multiple teams.
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Rupteek has clocked a loss of INR 156 Cr in FY21, a significant drop from INR 487 Cr it posted in March ended 2020.