India got its 100th unicorn when neobanking fintech portal, “Open”, raised fresh capital to push up its value to over a billion dollars. The five-year-old Bengaluru-based neobank raised $50 Mn in a Series D funding round from IIFL, Singaporean state holding company Temasek, American investment firm Tiger Global and another Indian firm 3one4 Capital. This helped its valuation cross the $1 bn mark.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The funding comes just six months after Google, Temasek, Visa, and Japan’s SoftBank invested $100 million in the neobank startup. This funding signifies the enthusiasm in the Indian startup ecosystem, which is the world’s third-largest according to Economic Survey, 2021-22. India overtook the UK to reach the spot after the US and China, which added 487 and 301 unicorns respectively, according to the survey.
Important takeaways for all competitive exams:
Hitachi India has announced that N Venu will become the new Managing Director (MD) of…
India's Mahendra Gurjar made the country proud by setting a world record in the men's…
Cristiano Ronaldo has once again amazed the football world. On May 26, 2025, he scored…
Vogue Eyewear has proudly chosen Bollywood star Shahid Kapoor as its brand ambassador. This is…
Shubman Gill, the new Test series captain of India, has added a stylish touch to…
Eureka Forbes Ltd, a well-known name in India's health and hygiene sector, has chosen popular…
![](data:image/svg+xml;charset=utf-8,<svg height="254px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="218px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
