Open

Open Announces Series D Fund Raising from IIFL, Temasek, Tiger Global and 3one4 Capital

The series D round saw IIFL come onboard as a strategic investor and joined by existing investors Tiger Global, Temasek and 3one4 Capital. ● The startup is now valued at USD 1 billion ● The strategic partnership will help Open leverage the strengths of IIFL to expand its product offering on lending. ● Open to launch three new products – Open Flo ( Revenue-based Financing), Open Settl (Early Settlement) and Open Capital (Working Capital Loans) targeting disbursement of USD 1 billion in 12 months. ● Open caters to over 2.3 million SMEs and is processing USD 30 billion in annualized transactions