Jupiter

Leadership:

Jitendra Gupta, CEO

Headquarters:

Bangalore, India

QED Investment:

2021

QED Champions:

About Jupiter

Founded in 2019, Jupiter is a leading neo-bank in India and is on a mission to provide hassle-free, 100% digital banking services to millennials. Within 10 months of launch, Jupiter has achieved a scale of close to 1 million customers and adding a new customer every 15 seconds. Jupiter started out by helping its customers better manage their money with personalized Insights on their daily spends and Pots to help save for their goals. Jupiter aims to become a financial wellness app for the smartphone population in India by helping customers manage their finances in a very personalised and contextual manner. It will soon be launching lending and investment products for its users.

To date, Jupiter has raised over $160 million in funding across rounds, and counts QED, Nubank, Tiger Global, Sequoia Capital, Matrix Partners, 3One4 Capital and Mirae Asset Venture Investments (India), among others as its marquee investors. As of March 2022, the company was valued at over $700 million.

We are thrilled to partner with Jiten. He brings to bear past entrepreneurial success and a distinguished standing in the fintech and banking community. We are impressed by the roaring customer appeal of what he and his team are building at Jupiter and their multi-decade vision to address financial needs of Indian consumers. Executed right, digital banking services hold tremendous potential in India for increasing wealth and improving financial well-being of the middle-class. Jupiter is on a sure-footed journey to realise this potential.

Sandeep Patil

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