Nubank co-leads $45 million investment in Indian neobank Jupiter

Industry veteran Jitendra Gupta’s neobank for consumers in India has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for Jupiter’s public launch in a month.

The new financing round, a Series B, was co-led by Brazil-based Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners. Mirae Assets Venture also joined the round and existing investors including Addition Ventures, Tanglin VC, Greyhound, 314 Capital and Beenext, also participated.

The new round values the two-year-old Indian startup, which has raised $70 million to date, at over $300 million.

More to follow…

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