Fidelity’s Eight Roads Ventures subsidiary has helped the BNPL platform provider close its fresh round at a $350m valuation a year after it was founded, as India sees steady growth in the market.

India-based digital credit card operator Uni has secured $70m in series A funding from investors including financial services and investment firm Fidelity’s Eight Roads Ventures unit, TechCrunch reported today, as the buy now, pay later (BNPL) space surges across India.

Venture capital firm General Catalyst led the round, which included Elevation Capital, Arbor Ventures, Lightspeed Venture Partners and Accel. The company is now valued at $350m, according to two sources privy to the development.

Founded in 2020, Uni has built…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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