Rupeek, India's leading online gold loan platform, has raised INR 200 crores in primary funding.
The Rainmaker Group acted as the exclusive financial advisor on the transaction.
"It was an absolute pleasure having TRMG as our banker on our recent capital raise. KP and KC have been a great sounding board at critical junctures of the fundraise process and overall ran a tight process to close the round. We are grateful for their partnership" said Sumit Maniyar, Founder Rupeek on the transaction
Kashyap Parikh, partner at The Rainmaker Group said “ Gold has been the natural hedge against both inflation and recession the world over. Indian households own over USD 2 trillion worth gold - most of which is locked up and not monetised. Rupeek is the pioneer and runaway market leader in technology driven, easy and convenient monetisation of gold to power small businesses and households in a dignified way. We’ve been privileged to be the partner in arms with Sumit and the Rupeek team over the last half a decade on this mission as they build India’s largest secured lending platform.”
About Rupeek
Founded in 2015 by Sumit Maniyar, Rupeek is present in over 60+ cities in India and has touched over 5,00,000+ customers. Rupeek is India’s leading asset-backed, digital lending fintech platform. Driven by the mission to make credit accessible to Indians in a fair and convenient way, Rupeek is pioneering innovative financial products to help monetize India’s $2 trillion gold. Powered by state-of-the-art technology and an automated asset-light supply chain, Rupeek is transforming the way gold loans are disbursed in India. Through partnerships with leading banks and financial institutions, it is building gold-backed assets, in a low-risk, low-touch and friction-free manner.
About The Rainmaker Group
The Rainmaker Group is the investment banking partner of choice for India’s private businesses as they traverse their fundraising journey - from their first growth round to pre-IPO. The firm has delivered growth equity and secondary transaction milestones for over a dozen unicorns, soonicorns, and now-listed businesses.
The firm’s ‘rainmakers’ pride themselves on a founder-like mindset and a proprietary execution process that has delivered industry-leading closure rate and client retention. The Rainmaker Group’s relationship with global investors is underpinned by thoughtful client selection and an insight-driven approach to dealmaking.
To know more about The Rainmaker Group, get in touch with Dhwani Mehta
Dhwani Mehta - dhwani.mehta@trmg.in
