Rupifi raises $4.1 million in pre-Series A round

New Delhi: Rupifi, which operates a buy-now-pay-flexibly platform for micro, small and medium enterprises, has raised $4.1 million (around Rs 30 crore) in a pre-Series A round.

The round in New Delhi-based Rupifi has been led by fintech and inclusion-focused Quona Capital. Other participants include Ankur Capital and Flipkart co-founder Binny Bansal.

The pre-Series A round comes a year after the startup raised an undisclosed sum as part of a pre-seed round. Investors in that exercise included BharatPe’s Ashneer Grover, Cred’s Kunal Shah, Livspace’s Ramakant Sharma, Better Capital, and AngelList Syndicate Cloud Capital.

Rupifi was set up last year by Anubhav Jain, Ankit Singh, and Jawaid Iqbal. The company will use the capital it has raised to expand its product offerings, as well as increase partnerships and scale up the team.