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Economic Times

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Image Credit: Economic Times

Slice raises $8.5 million from founder Rajan Bajaj

  • Fintech unicorn Slice has raised $8.53 million from its founder and CEO Rajan Bajaj through the issuance of partly paid-up shares.
  • Slice previously raised Rs 300 crore in debt funding led by Taneja Family Trust, Anju Family Personal Trust, UK2 Family Trust, and MN Family Trust.
  • Slice offers prepaid accounts, UPI payments, and consumer credit, and recently expanded into buy-now-pay-later (BNPL) services.
  • Slice reported operating revenue of Rs 846.7 crore for fiscal year 2023, but its net loss widened to Rs 405.7 crore.

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