India Deal Monitor: Amazon, Sequoia back BankBazaar and more updates

Chennai-based financial marketplace BankBazaar has raised about $3.8 million (Rs 29 crore) in its ongoing Series D funding round from existing investors, including Amazon, Sequoia, and Walden SKT Venture Fund.

BankBazaar has issued 12,337 Series D1 compulsorily convertible preference shares at an issue price of Rs 4,611.2 apiece to Amazon for Rs 5.68 crore. While Walden SKT Venture Fund has infused Rs 7.1 crore, Sequoia has contributed Rs 2.6 crore in the current round, shows the company’s filings with the Registrar of Companies (RoC).

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