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BankBazaar receives capital from Amazon; FY20 revenue hit

Shortpedia

Content Team
Image Credit: Shortpedia

Online financial services marketplace BankBazaar has raised Rs 8.2 crore in bridge financing from existing investors Amazon, Gus Holdings along with co-founders Arjun Shetty and Adhil Shetty. This is the third tranche received by the Chennai-based firm as a part of its ongoing Series D round. In June, the company had secured Rs 45 crore led by WSV, while Rs 29 crore came in as the first tranche led by Amazon in April.