Singapore's Temasek set to lead $100m funding in Indian neobank Open

Photo: Reuters

Singapore’s state investment firm Temasek has signed a term sheet to lead a $100-million funding round in Bengaluru-based neobank Open, sources privy to the development told DealStreetAsia.

The SME-focused neobank is also in talks with other investors including Tiger Global to raise the aforesaid amount. The round could also see the participation of homegrown venture capitalist 3one4 Capital. Both Tiger Global and 3one4 Capital are Open’s existing investors.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter