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.
This year’s survey, which included 1675 respondents across India between the ages of 22-45 years, reported that mutual funds are the second most-preferred investment in India, chosen by 54% of the survey respondents.