The company’s founder, Raj Khosla, said MyMoneyMantra, which employs about 2,500 employees and serves over 4 million customers across 50 cities, will use the capital to explore ways to capture a larger share of the market. Khosla said the firm would work closely with Vaalon Capital’s team to expand its offerings and deepen its ties with banks and insurance companies. In the financial year that ended in March, MyMoneyMantra generated a revenue of $19.6 million. MyMoneyMantra works with over 90 banks, non-bank lenders and insurance companies to help customers get deals on loans and credit cards. The firm, which competes with BankBazaar and Andromeda in India, has done business of over $5.5 billion to date.

https://techcrunch.com/2019/07/17/indias-30-year-old-mymoneymantra-raises-15m-to-scale-its-financial-services-marketplace/