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Fintech startup Kiwi is raising $23 million from new and existing investors, according to two sources aware of the matter. The fresh funding is coming at a gap of nearly two years for the Mumbai-based startup.
“Vertex Ventures has issued a term sheet to lead the round,” said one of the sources, requesting anonymity as the talks are private. “Kiwi is likely to be valued at over $100 million (post-money) in this round, which will also see participation from existing investors Stellaris VP and Nexus VP.”
This fresh fundraise follows Kiwi’s…
