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.

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

May 3, 2021, 5:14am UTC
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.