B Capital in talks to again Indian neobank Fi – TechCrunch

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B Capital Group, which final week co-led Indian social commerce Meesho’s $570 million funding, is in superior levels of talks to again Bangalore-based neobank Fi (previously often called epiFi), many conscious of the talks advised me.

Fi affords a neobanking service for millennials in India. The startup, which early final yr raised $13.2 million in its seed spherical, has assembled a workforce of high-profile executives from Google, Netflix, Flipkart, and PayPal.

The startup was valued at about $50 million in its Sequoia Capital India and Ribbit Capital-led seed spherical. It’s in superior levels of talks to finalize a brand new spherical of $40-$50 million at a pre-money valuation of $250 million, individuals stated.

B Capital Group didn’t have a remark final week. Fi declined to remark final month.

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