Indonesian robo-advisor Bibit.id raises $65m round led by Sequoia India
By Aastha Maheshwari, Cindy Silviana
May 2, 2021
Indonesian robo-advisor app Bibit.id has raised $65 million in a fresh funding round led by Sequoia Capital India, DealStreetAsia has learnt.
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Existing investors East Ventures, EV Growth, AC Ventures, and 500 Startups also participated.
Prior to the acquisition, which took place late last year, Bibit was an OJK-licensed tech-based mutual fund seller.