Jitendra Gupta’s Jupiter's valuation up 67% to ₹720 cr; gives bonus to staff

Jitendra Gupta's digital banking startup Jupiter's valuation has increased by 67% to ₹720 crore in January 2020 from ₹430 crore in 2019, Entrackr reported. The startup has rewarded its employees by adopting an Employee Stock Appreciation Rights (ESAR) which is a type of bonus compensation. Jupiter has raised funding from prominent investors including Matrix Partners, Sequoia Capital and Beenext.