Uni pumps in $70 mn from General Catalyst, others

Mumbai: Bengaluru-based fintech start-up Uni has raised $70 million in Series-A funding round led by General Catalyst, with participation from Eight Roads Ventures, Elevation Capital, Arbor Ventures and existing investors Lightspeed and Accel.

The funds will be utilised to scale up the team, launch new products and invest further in technology to redefine consumer experience, the start-up's co-founder and Chief Executive Nitin Gupta said.

Including the latest funding round, Uni has raised $88.5 million so far from marquee investors like General Catalyst, Eight Roads, Elevation Capital, Light Speed and Accel.

Its previous round was in October when it had earlier raised $18.5 million in the seed round. Uni aims to bring in a range of credit products starting with its 'pay later' card, 'Pay 1/3rd' card.