Chennai: Zupee has announced that raising $30 million at a pre-money valuation of $500 million in Series B funding round.
This round of funding has been co-led by Silicon Valley based WestCap Group and Tomales Bay Capital, with participation from Matrix Partners India and Orios Venture Partners.
This round comes within six months after its Series A round at a $100 million valuation, which is more than five times increase in the company’s valuation, it said and added that with total funds raised now at $49 million, Zupee is backed by some of the best in the industry – WestCap Group, Matrix Partners India, Smile Group and Orios Partners.