Funding round
Stashfin Series C
Stashfin, which works in digital lending services in Gurugram, raised $270M in a Series C round announced on 21 Jun 2022, led by Uncorrelated Ventures, Fasanara Capital and Abstract Ventures, at a $730M post-money valuation. 7 firms took part. It is Stashfin's second venture round on record; the one before was a Series B in Apr 2021.
$270M
Amount raised
$730M
Post-money valuation
7
Investors
3 leads
37%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Stashfin at $730M after the new money. The $270M bought investors about 37% of the company. It came 14 months after Stashfin's Series B. It is 87% of the $310M Stashfin has raised in the venture rounds on record. No later venture round is on record for Stashfin.
Stashfin's funding rounds
Stashfin has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Series B 5 Apr 2021 $40M
- Series C this round 21 Jun 2022, led by Uncorrelated Ventures, Fasanara Capital and Abstract Ventures $270M$730M post-money
- Debt not a venture round 23 Mar 2023, led by InnoVen Capital and Trifecta Capital $100M
Investors
Who put money in
Uncorrelated Ventures, Fasanara Capital and Abstract Ventures led the round with 4 other firms.
Lead investors
- Uncorrelated Ventures new investor
- backs 15 venture-backed companies new investor
- Abstract Ventures new investor
Also in the round
- backs 15 venture-backed companies new investor
- Kravis Investment Partners new investor
- backs 2 venture-backed companies new investor
- Tencent new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
25 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $50M, and this round was 5.4 times the median. The closest in time, other companies' Series C rounds in Loans & Financing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Loans & Financing | 30 Jun 2022 | $160M | $2.00B | not named |
| Loans & Financing | 30 Jun 2022 | $113M | $820M | not named |
| Loans & Financing | 28 Jun 2022 | $40M | not disclosed | Creation Investments and Tiger Global |
| Loans & Financing | 20 May 2022 | $115M | $1.10B | Goldman Sachs Asset Management |
| Point Loans & Financing | 3 May 2022 | $115M | not disclosed | WestCap |
| Loans & Financing | 31 May 2022 | $42M | not disclosed | Luther King Capital Management |
| Loans & Financing | 27 Jul 2022 | $22M | $370M | Nue3 Capital |
| Loans & Financing | 16 Mar 2022 | $19M | not disclosed | Lightrock |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Stashfin raise in its Series C round?
Stashfin raised $270M in its Series C round, announced in Jun 2022.
Who led Stashfin's Series C round?
Uncorrelated Ventures, Fasanara Capital and Abstract Ventures led it, with Altara Ventures, Kravis Investment Partners, Snow Leopard Global and Tencent.
What was Stashfin's valuation at the Series C round?
$730M post-money.
How does it compare with other Series C rounds in Loans & Financing?
25 Series C rounds in Loans & Financing within a year either side disclosed an amount; the median was $50M, and this round was 5.4 times the median.