Mumbai, Jan 7 : Rupifi has raised a $25M Series-A round led by Bessemer Venture Partners and Tiger Global. Existing Investors Quona Capital and Ankur Capital also participated in this round, along with Better Capital.
Founded in 2020 by Anubhav Jain, Ankit Singh and Jawaid Iqbal, this is Rupifi’s second investment round within a span of nine months, since its Pre-Series A in March 2021.
Speaking about the round, Anubhav Jain, Co-Founder and CEO of Rupifi, said: ”We are super thrilled to welcome two of the largest global investors onboard. With this current investment from Bessemer Venture Partners and Tiger Global, we plan to build further towards our goal of disrupting B2B Payments and Transactions.
“Our B2B BNPL is currently operating at some of the category leading B2B marketplaces in India across sectors such as FMCG, Pharma, Fashion, Electronics, Agriculture and Food. Our SME focused Commercial Card provides SMEs flexibility to manage expenses without any cost for shorter periods.
“With the recent round of funding, we are now moving towards building the complete B2B Checkout Product for Marketplaces and Omni-Channel mobile-first B2B Payments solutions for merchants, distributors and sellers.”
Talking about their investment in Rupifi, Vishal Gupta, Managing Director of Bessemer Venture Partners, said:
“We are excited to back Rupifi and Anubhav in their mission to simplify B2B payments including BNPL for B2B marketplace and smaller merchants in a seamless way. B2B Payments and B2B Credit are large problems with Technology being the future to solve these and Rupifi team is building around that keeping the SMEs at the core.”