Nitin Gupta’s new fintech startup UniOrbit raises $20 million in funding. The startup has not been launched but. In accordance with some sources, the seed spherical might elevate as much as $40 -$45 million in funding and will probably be led by Accel and Lightspeed.
UniOrbit may additionally provide bank cards to small and medium companies. Sources from different web sites mentioned, “It’s likely to launch a credit card focused on small and medium enterprises”. And “Gupta has roped in two more individuals as core founding members from the financial services sectors and is currently hiring across product, tech and operations.”
Different startups of Nitin Gupta
One of many startups of Nitin Gupta is PayU. Additionally it is a fintech firm that gives fee know-how to on-line retailers. It was based in 2002. The startup permits on-line companies to simply accept and course of funds by fee strategies that may be built-in with net and cellular functions.
One other startup of Nitin Gupta is Khojguru. It’s an IT companies agency that gives numerous services and products to its huge base of customers. They proceed to extend their buyer bases day-by-day. They’ve at all times labored laborious to realize the corporate’s imaginative and prescient of fantastic service and merchandise.
Nitin Gupta’s Journey to UniOrbit
After staying the CEO of PayU for about 5 years, and Nitin then joined because the CEO of Ola Monetary companies in December 2017 and labored there for 2 and a half years earlier than quitting. Stories recommend that Gupta has been engaged on an enormous challenge for fairly a while now. UniOrbit is likely to be this massive break for him.
Although based on some websites and experiences the corporate may dilute over half of it within the seed spherical, however it received’t elevate cash for the subsequent two years.
At a time when implementing new concepts are proving to be a battle, this man Nitin Gupta has already been part of so many startups. In case you don’t have a motive or motivation to start out your received firm, then his laborious work does have the ability to affect you.
Do you’ve gotten a compelling thought and the dedication that it takes to start out an organization? Then for funding, you may have a look into Mela Ventures. In case you discovered our content material informative, then like and share with your folks. And tell us within the feedback under should you suppose the brand new fintech startup UniOrbit will do nicely.