BankBazaar, a Chennai based financial services portal has raised $13 mn from Sequoia Capital and Walden International, says a new report.Founded in 2008, BankBazaar aggregates and sells loan products, insuance and deposits from different banks.
Personal finance startups in India have found it difficult to survive. Earlier, we’d reported the shutdown of InvestoPresto and MoneySights. Others like Paisa.com have also not survived. Others such as FundsIndia are taking on the personal finance market with mutual funds and systematic investment plans.
PolicyBazaar, owned by Info Edge, sells insurance policies online. Sequoia & Jafco Asia have invested in Apnapaisa, another personal finance company.