India, March 3 -- B2B fintech startup Rupifi is looking to raise INR 1,215 Cr (around $146 Mn) in a bridge funding round from existing investors, including Bessemer, Ankur Capital and Quona Capital.

In a regulatory filing, the company said that its board approved the proposal to issue 66,427 Pre-Series B3 compulsorily convertible preference shares (CCPS) at a face value of INR 1.82 Lakh each to raise the sum from existing shareholders.

Rupifi said that it plans to use the fresh funds to meet its growth objectives and to facilitate the expansion of its business.

However, Entrackr, citing founder Anubhav Jain, reported that the round size for the 66,427 CCPS has been structured for investors to subscribe to the investment totaling $2 Mn,...