The funding comes at a time when the Reserve Bank of India, said it was working on its own digital currency.
India’s Digital Payments Sector Evolves
Fintech companies in India are changing the banking landscape in the country.
Sequoia Capital, Y Combinator, Better Capital, and other VCs have placed big bets in a handful of financial services companies aimed at kids.
Google, Amazon, and Facebook’s messaging platform WhatsApp, have been making strides to position themselves among the top players in India’s fintech market.
Founded in 2019, Jupiter has raised a total of USD 26 million from investors including Sequoia Capital, Matrix Partners, Beenext, 3One4 Capital, and Hummingbird Ventures.
In May, Walmart-owned PhonePe signed the term sheet to acquire an over 90% stake in Indus OS, to boost its super app dream on the back of the latter’s content and app discovery platform.
Indus OS claims to have over 400,000 local apps, catering to 100 million users in 23 regional languages.
Auto loading next article...