BankBazaar raises Rs 55 crore; enters gold loan business with Muthoot Fincorp

Loan sourcing platform BankBazaar has raised Rs 55 crore in fresh funding from a group of investors, including gold loan company Muthoot Fincorp and existing backers such as Walden International. The funding was at a flat valuation of approximately Rs 1,700 crore ($200 million) for BankBazaar.

Muthoot Fincorp pitched in with Rs 15 crore in this round. Speaking to ET, Adhil Shetty, cofounder of BankBazaar, said the investment is an extension of its previous funding round from December 2023.

“The round hasn’t closed yet; we’re keeping our options…