It’s celebration time!
We have just raised a funding of Rs 375 Crores ($60) Million led by Amazon.com. This is our Series C round of funding and also includes global investing leaders such as Fidelity Growth Partners and Mousse Partners. What’s even better is that all our previous investors, including Sequoia Capital & Walden International, have stayed on. This re-affirms their confidence in BankBazaar’s growth.
The funds will be primarily deployed towards technology integration, hiring and strengthening partner relationships and creating a truly phenomenal end-to-end customer experience in order to grow in the online financial services category as a market leader. BankBazaar will also invest to upscale its marketing and branding effort to reach out to a larger number of consumers and create a house-hold financial services brand in India.
We are also investing heavily on our mobile App. The App delivers a more customized, stable and seamless experience to the consumer. The BankBazaar App, available on both the Android & iOS platforms, aims at not only helping consumers get financial products with ease, but also educating and helping you manage your finances better.
We also plan to also launch other personal finance products, apart from online loans and credit cards, to help you clinch the best deals. We have been rapidly increasing the depth of our portfolio offerings and have signed on more than 23 bank partners to give consumers the widest range of options.
To know more, read all about it in reports by leading publications: Financial Express, Business Standard, Economic Times, The Hindu, The Times of India, NDTV Profit, Asian Age, Business Insider, MoneyControl, TechCrunch and LiveMint.