Money manager and neobank INDmoney said on March 28 that it has added Singapore-based Sixteenth Street Capital, Lenskart founder Peyush Bansal and entrepreneur and influencer Ankur Warikoo to its Series D fundraise.
New investors Sixteenth Street Capital, Bansal and Warikoo's infusion along with that of INDmoney's employees in this round amounts to $11 million which has now closed.
Moneycontrol had reported on January 17 that INDmoney was set to raise a total of $86 million as part of its Series D round led by Tiger Global, Steadview Capital, Dragoneer, $75 million of which had been closed at the time. The startup’s founder and CEO Ashish Kashyap has invested further through the round.
Other employees also invested including chief compliance officer and general counsel Sunny Bajaj, marketing head Divyang Bhardwaj, strategy and finance vice president Ankur Goyal and finance head Vinay Saraf.