Funding
Banking infrastructure startup TransBnk raises $25 million from Bessemer Venture Partners, others
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Banking infrastructure startup TransBnk has raised $25 million in a funding round led by Bessemer Venture Partners, with participation from Arkam Ventures and Fundamentum Partnership.
The investment was made from Bessemer’s second India-focussed fund, which has a corpus of $350 million and was launched earlier this year. Existing backers 8i Ventures, Accion Venture Labs and GMO Venture Partners also participated.
Founded in 2022 by Vaibhav Tambe, a former senior executive at IndusInd Bank, along with Lavin Kotian, Pulak Jain and Sachin Gupta,…
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