Indian neobank Jupiter raises $86 million

Industry veteran Jitendra Gupta’s consumer-focused neobank Jupiter has raised about $86 million in a new financing round as the Bangalore-based startup gears up to offer its customers lending and wealth management services.

Tiger Global, QED and Sequoia Capital India co-led the two-year-old startup’s Series C round, Gupta told TechCrunch in an interview. The new round values the startup at $711 million, up from about $300 million in its August Series B funding.

Read more: TechCrunch