Neobank Jupiter raises $86 million funding at $710 million valuation

Mumbai-based neobank Jupiter has raised $86 million in Series C funding, as per regulatory filings accessed via Tofler. The round was led by US-based QED Investors and Sequoia Growth fund and saw participation from existing investors Tiger Global, Matrix Partners, 3one4 Capital and BEENEXT. The two-year-old startup's valuation now stands at $710 million, Founder Jitendra Gupta told Moneycontrol.