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Jupiter, receives a Rs. 25 Cr. debt round from Alteria Capital 

Customers may create a savings bank account with built-in money management tools including real-time spending insights, tracking liquid assets across bank accounts, tailored savings objectives, and transaction management through Jupiter, a company in the digital banking space.

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Jupiter, receives a Rs. 25 Cr. debt round from Alteria Capital 

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  1. Search here ...  Jupiter, Receives a Rs. 25 Cr. Debt Round from Alteria Capital   Home - Fund Raising - Jupiter, Receives a Rs. 25 Cr. Debt Round from Alteria Capital  Fund Raising  January 2, 2023       

  2. A neobanking platform called Jupiter has received Rs 25 crore in debt 몭nancing from Alteria Capital. This is the business’s 몭rst fundraising effort for 2022.  The money will be utilised for general company purposes, according to the document.  The board of Jupiter has approved a special resolution to issue and offer Alteria Capital 2,500 Series A non-convertible debentures (NCD) at an issue price of Rs 1,000,000 per debenture for a consideration of Rs 25 crore, according to the company’s regulatory 몭ling with the Registrar of Companies (ROC).  According to sources, Jupiter’s operational revenue in FY22 was just Rs. 42 lakh, down from about Rs. 20k in FY21.   The majority of the business’s revenue during the previous 몭scal year came from penalty revenues. In FY22, losses rose 11X to Rs 164 crore from Rs 14.2 crore, according to the company’s annual 몭nancial statement submitted to the RoC.  Conclusion  Customers may create a savings bank account with built-in money management tools including real-time spending insights, tracking liquid assets across bank accounts, tailored savings objectives, and transaction management through Jupiter, a company in the digital banking space.   The 몭rm has so far raised over $160 million, including $86 million in a Series C round in December of last year at a valuation of $710 million.  You can share this post!       

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  7. Subscribe our newsletter to stay updated Your email address  About Indiabiz Recent Post  January 2, 2023 Revenue for Wow Skin Science Increased to Rs. 340.4 Cr in FY22, But Losses Increased 15X   January 2, 2023 Sensex and Nifty Both Gain by 4% in 2022; What to Anticipate in 2023   January 2, 2023 Digital Kong Secures a Digital Contract with MMI Diplomatic in Dubai   Popular Categories Trending Post Campaigns Digital Media In A Seed Funding Round, Contlo Raises $3.5 Million   Fund Raising Marketing Markets Politics Startups Paytm Shares Decline By 3% As A Rs 850 Billion Repurchase Falls Short Of Investors’ Expectations 

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