Bibit raises another growth round led by Sequoia Capital India, this time for $65M

Bibit raises another growth round led by Sequoia Capital India, this time for $65M

3 years ago
Anonymous $OlGJJXacOb

https://techcrunch.com/2021/05/02/bibit-raises-another-growth-round-led-by-sequoia-capital-india-this-time-for-65m/

Four months after leading a $30 million growth round in Bibit, Sequoia Capital India has doubled down on its investment in the Indonesian robo-advisor app. Bibit announced today that the firm led a new $65 million growth round that also included participation from Prosus Ventures, Tencent, Harvard Management Company and returning investors AC Ventures and East Ventures.

This brings Bibit’s total funding to $110 million, including a Series A announced in May 2019. Its latest round will be used on developing and launching new products, hiring and increasing Bibit’s financial education services.