Gold-loan startup Rupeek is in talks with several growth-stage investors to raise up to $100 million (about Rs 745 crore) as gold prices rise, people in the know told Entrackr.
Rupeek raised $60 million from Flipkart co-founder Binny Bansal’s BTB Ventures, GGV Capital and Korea’s KB Investments in February.
Sequoia Capital, Accel and Bertelsmann are Rupeek’s early backers.
“Several investors including Lee Fixel’s venture capital firm Addition are in talks with Rupeek while existing investors are looking to double down on their investments in the company,” said one of the persons mentioned above.
The company could be valued at over $550 million (about Rs 4,105 crore) in the fresh round, said another.