10 April 2020
Indian online financial products marketplace BankBazaar has boosted its current Series D round by $3.8 million. The capital comes from Amazon and Walden SKT Venture Fund, who have joined Sequoia, GUS Holdings, and Eight Roads Investments in the round. This week’s investment adds to the $30 million in Series D funds BankBazaar raised in 2017. Fellow Finovate alum Experian is the lead investor in the round. The investment is also the second time Amazon has put capital in the company, having contributed $60 million to BankBazaar’s Series C round in 2015. The company’s total funding stands at north of $115 million.
BankBazaar offers consumers instant customized rate quotes on financial products like loans, mutual funds, and insurance. BankBazaar’s platform enables shoppers to compare offers and apply for products online as well as via its mobile app. More than 50 of India’s top financial companies and insurance firms are featured on BankBazaar’s platform, which also provides information on personal finance trends and tips on how consumers can manage their finances better.
Indian online financial products marketplace BankBazaar has boosted its current Series D round by $3.8 million. The capital comes from Amazon and Walden SKT Venture Fund, who have joined Sequoia, GUS Holdings, and Eight Roads Investments in the round. This week’s investment adds to the $30 million in Series D funds BankBazaar raised in 2017. Fellow Finovate alum Experian is the lead investor in the round. The investment is also the second time Amazon has put capital in the company, having contributed $60 million to BankBazaar’s Series C round in 2015. The company’s total funding stands at north of $115 million.
BankBazaar offers consumers instant customized rate quotes on financial products like loans, mutual funds, and insurance. BankBazaar’s platform enables shoppers to compare offers and apply for products online as well as via its mobile app. More than 50 of India’s top financial companies and insurance firms are featured on BankBazaar’s platform, which also provides information on personal finance trends and tips on how consumers can manage their finances better.
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