BENGALURU: Online financial services marketplace BankBazaar has raised ₹45 crore from new investors such as WSV Capital, a joint venture fund of Walden International and SK Telecom, the second-largest telecom conglomerate in South Korea.
Existing investors including Amazon, Sequoia India, Experian and Eight Roads also participated in the round. The latest capital raise is part of BankBazaar’s Series D1 equity financing round, and the proceeds will be used to build new personal finance products and to expand the capability of video-based KYC solution among the startup’s banking and financial partners.
Chennai-based BankBazaar was founded in 2008 by Adhil Shetty, Arjun Shetty and Rati Shetty. The startup aggregates financial products such as