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Jitendra Gupta, founder, Jupiter Money, also invested in the round in his personal capacity.
With Pine Labs headed for an IPO, CEO Amrish Rau could pocket Rs 800-1,000 crore via OFS. The Head and Tale tracks where else he's poised to cash in.
The licence allows Jupiter to sell both life and general insurance policies through its app.
Prithvi Raj Tejavath, business head - investments, Vivek Agarwal, operations platform head - investments, and Aastha Sood, director-products have resigned from the Bengaluru-based fintech.
The Peak XV-backed company saw its net losses go down to Rs 275.9 crore in FY24 compared to Rs 327 crore in FY23.
