India, Oct. 12 -- Update | 12th October, 3:30 PM IST

Open has confirmed its $100 Mn in a Series C round. The funding was led by Temasek and saw participation from Google and SBI Investment, one of Japan's leading venture capital firms. Existing investors, Tiger Global and 3one4 Capital, also participated in the round.

Earlier Story | Published On 10th September

Bengaluru-based neobanking startup Open is raising $100 Mn at a valuation of around $500 Mn according to sources aware of the developments. SoftBank Investment Advisers SBI Investments is leading the Series C round, while Temasek, Google, Tiger Global, 3one4 Capital and Visa are also participating in the fundraise.

"The funding is happening on the basis of the tremendous growth...