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Nubank co-leads $45 million investment in Indian neobank Jupiter Industry veteran Jitendra Gupta’s neobank for consumers in India Jupiter has raised $45 million in a new financing round as the Bangalore and Mumbai-based startup gears up for its platform’s public launch in about a month. The new financing round, a Series B, was co-led by Brazil-based Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners India. Mirae Assets Venture also joined the round and existing investors including Addition Ventures, Tanglin VC, 3one4 Capital, Greyhound 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. ....
Neobanking Startup Jupiter Raises $44 Mn From Brazil's Nubank, Others inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
Zomato s big-bang market debut mints 18 dollar millionaires SECTIONS Share Synopsis Cofounder and chief executive Deepinder Goyal s 5.5% stake was worth Rs 4,650 crore at the close of trade. ETtech Zomato’s big-bang public market debut on Friday has spawned about 18 dollar-millionaires. Cofounder and chief executive Deepinder Goyal’s 5.5% stake, which included employee stock ownership plans (Esops), was worth Rs 4,650 crore ($624 million) at the close of trade. Among other key executives, cofounder and chief technology officer Gunjan Patidar’s shares and Esops were cumulatively worth Rs 363 crore. Other top gainers included Mohit Gupta, a cofounder and the head of new businesses at Zomato, whose Esops were worth Rs 195 crore. ....
Food delivery firm Zomato surges 65% in key India debut – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
Dubai regulator DFSA hits ex-Abraaj finance chief with record $1.7m fine gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.