Gold-based lender Rupeek, which counts Bertelsmann India Investments as a backer, has snagged funding at a valuation of more than $300m.

Rupeek Fintech, the India-based consumer lending platform backed by media group Bertelsmann, has secured $60m in funding at a $300m-plus valuation, the Economic Times reported today, citing a company statement.

The funding was supplied by investment adviser Tanglin Venture Partners, venture capital firm GGV Capital, investment firm KB Investment and BTB Ventures, the firm created by Binny Bansal, co-founder of e-commerce marketplace Flipkart.

Founded in 2015, Rupeek provides loans to consumers who put up gold or jewellery as collateral. The…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.