BankBazaar.com , a multi-brand financial product comparison platform in India , announced that it has raised Rs.80 crores in a financing round led by Sequoia Capital . In a release on Jan. 17 , the Company said that existing investor Walden International has also participated in this round. Adhil Shetty, CEO, BankBazaar.com , said, "While bank loans are expected to grow 15 percent in the current fiscal year ending March 2014 , we are seeing a 90 percent year on year increase in online loan applications. Since our last round of funding we have doubled the number of banks offering financial products on our platform, added information on savings products and launched a mobile product for smartphones. This funding will allow us to introduce new product offerings and expand our consumer base. We are excited to partner with Sequoia Capital as their experience and knowledge of the local market will be a key differentiator as we embark upon our next phase of growth." "We have known the BankBazaar.com team for many years and what has always struck us is their dynamism and determination to solve the consumer's pain points. They are great technologists focused on using technology to make the process more efficient, for example, they have successfully integrated with banks systems, and other databases to create a platform that not only generates personalised results but also allows for pre-approved offers," said Gautam Mago , Principal, Sequoia Capital . BankBazaar.com is an online marketplace. ((Comments on this story may be sent to firstname.lastname@example.org ))
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