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FinTech Startup Rubique Raises $3million in Bridge Round

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FinTech Startup Rubique Raises,Rubique CEO Manavjeet Singh,Rubique Advantage,Rubique in bridge round,startup stories,startup stories india,Inspiration Stories,Economic Times,2017 Most Read Startup Stories

Financial Tech startup based in Mumbai raised $3 million from Kalaari and others in a bridge round of funding. This round of funding was raised a few months ago but was kept under wraps due to internal reasons according to a top executive who spoke with The Economic Times.

Reportedly, the bridge round was a part of their Series B round of funding which took place mid last year where they intended to raise $10-$15 million. This bridge round was led by Kalaari Capital and Udayan Goyal, Managing Partner at Apis Partners.

Manavjeet Singh, CEO at Rubique, told Economic Times that they initially delayed Series B as the company was already generating revenue. However, due to huge inbound interest, they are planning to start the process again. In April last year, the company managed to raise $3 million in Series A funding round from Kalaari Capital, YourNest Angel Fund, Globvestor and Dexter Angel Circle.

Initially known as bestdealfinance, Manavjeet Singh started Rubique in 2014 along with Sandeep Nambiar as an online financial marketplace. They offer end to end solution for a user’s capital needs by deploying its proprietary algorithm and integrating it with the bank’s lending system, to SMBs and individuals. The company claims to have disbursed more that Rs. 1500 crore worth of loans and has been generating Rs. 2 crores revenue per month.

They have recently added insurance products to their portfolio and launched a new feature called ‘Rubique Advantage’ that enables users to get their loan applications processed faster. They showcase more than 165 products in various categories and have tied up with over 65 financial institutions including Banks and non banking financial companies (NBFC.) 
 

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Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

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In addition to voice dubbing, Meta is developing features to translate captions and text stickers on Reels, making content more accessible even without sound. These AI translation tools are available free for eligible public Instagram accounts and Facebook creator profiles with over 1,000 followers. This innovation reinforces Meta’s commitment to fostering cross-cultural content sharing and enhancing creators’ ability to connect with audiences around the world through short-form videos.

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Dunzo’s Collapse: Reliance’s ₹1,645 Crore Loss Signals Challenges in India’s Hyperlocal Delivery Market

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Reliance Industries has officially written off its $200 million investment in Dunzo, a once promising quick-commerce startup in India. Despite high-profile backing and the potential to disrupt the hyperlocal delivery sector, Dunzo faced insurmountable challenges including high operational costs, unsustainable cash burn, and stiff competition from larger players like Zepto and Blinkit. Reliance’s decision follows Dunzo’s operational suspension, leadership exits, and failed attempts at securing additional funding or acquisition partners, ultimately resulting in the company’s digital platforms going offline in early 2025.​

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Zoho Arattai vs WhatsApp: 5 Reasons India’s Homegrown Messenger Is Winning in 2025

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Zoho Arattai messenger has rapidly gained popularity in India by offering features tailored specifically for Indian users, setting itself apart from global competitors like WhatsApp. Arattai delivers exceptional regional language support, intuitive low-bandwidth messaging, and a lightweight interface, making it especially accessible to rural communities and users on lower-end smartphones. This focus on localization and inclusivity gives Arattai a significant edge in the Indian market, ensuring seamless communication even in remote areas.

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