India, Oct. 30 -- Fintech startup Jupiter has reportedly raised $15 Mn (INR 115 Cr) in a strategic funding round from existing backers Mirae Asset Venture Investments, BEENEXT and 3one4 Capital.

Sources told Economic Times that the startup's founder Jitendra Gupta also participated in this round in his personal capacity. As per the report, Jupiter bagged the fresh funds at a flat valuation of $600 Mn, the same amount at which it was pegged during its last fundraise in 2021.

"We will use this funding primarily to reach a break-even point for the business. The previous round was mainly for growth. We hope to turn cash positive with this money and will not need any more funds for business operations," Gupta reportedly said.

Founded in 201...