OneCard raises Rs 72 Cr in Series D led by Peak XV at $1.27B valuation
Mobile-first credit card fintech OneCard is raising Rs 72 crore ($7.6M) in an ongoing Series D round led by Peak XV (Rs 30 Cr) with Z47 (Rs 9.5 Cr) participating, valuing it near $1.27 billion. The raise comes amid an RBI-linked pause on new co-branded card onboarding via partner banks. FY25 revenue hit Rs 1,878 Cr against a loss of Rs 297.5 Cr.
Mobile-first credit card fintech OneCard is raising Rs 72 crore in Series D led by Peak XV, valuing it near $1.27 billion, amid RBI-linked pause on new co-branded card onboarding via partner banks.
Why this matters
OneCard's Series D at a $1.27B valuation lands as an RBI-linked pause halts new co-branded card onboarding via partner banks, testing the mobile-first credit fintech's growth despite Rs 1,878 Cr FY25 revenue.
Retail-company signals accelerating at +753600% QoQ.
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