Tiger Global leads $30m funding for Indian neo-banking startup Open

Photo: Reuters

New York-based investment firm Tiger Global Management has led a $30-million Series B funding round for Bengaluru-based neo-banking startup Open.

Tanglin Venture Partners, a venture capital fund floated by former Tiger Global executives Ravi Venkatesh and Edwina Yeo, joined the round as a new investor. Existing investors 3one4 Capital, Speedinvest and BetterCapital AngelList Syndicate also contributed, Open said in a statement on Tuesday.

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