ThinkStock PhotosNEW DELHI: Fintech startup Uni has raised $18.5 million (about 136 crore) in seed funding — its largest in calendar year 2020 — from marquee VC firms Lightspeed Ventures India and Accel Partners India.
The company, which is still in stealth mode, has been founded by Nitin Gupta, who was formerly a senior executive at PayU India and at Ola Financial Services.
The large seed round marks the latest example of a second- or third-time entrepreneur raising substantial capital while still in stealth mode.
“Nitin and Uni’s team are passionate about unlocking the power of financial services for millions of Indian consumers using new tech-powered solutions. We are excited about their mission and proud to support them from Day One,” Bejul Somaia, partner, Lightspeed India Partners, said.
The company, which is still in stealth mode, has been founded by Nitin Gupta, who was formerly a senior executive at PayU India and at Ola Financial Services.
The large seed round marks the latest example of a second- or third-time entrepreneur raising substantial capital while still in stealth mode.
“Nitin and Uni’s team are passionate about unlocking the power of financial services for millions of Indian consumers using new tech-powered solutions. We are excited about their mission and proud to support them from Day One,” Bejul Somaia, partner, Lightspeed India Partners, said.