Funding Updates: ApnaPaisa.com Raises Second Round Funding From JAFCO & Sequoia Cap

Apnapaisa.com which was not too long ago known as Apnaloan.com has raised a second round of funding from JAFCO and Sequoia Capital. Sequoia had invested $2.2 million in Apnaloan in early 2007. Though the amount of funding for the current round has not been disclosed but Apnaloan was in the news earlier for looking to raise around 15 million $.

apnapaisa-jafco-sequoia

In the loan segment Apnapaisa is probably the largest player in terms of funding as it competes with other players like LoanRaja.com, Deal4Loans.com and LoanWala.com all of whom dont have sizeable funding backing them.

Apnaloan had also tied up aggressively with various partners as well as diversified in insurance segment with Apnainsurance.com. In the insurance space it takes on Infoedge backed Policybazaar.com.

One Response to “Funding Updates: ApnaPaisa.com Raises Second Round Funding From JAFCO & Sequoia Cap”

  1. January 17, 2009 at 1:20 pm #

    I think rupeetalk’s funding from seedfund was decent sized too but I don’t know the exact number.This sector actually has whole loads of players who are spending big on adwords just try googling creditcard and see no of ads there when i clicked more the total was 30

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