Fintech firm Slice has got $220 million from a clutch of investors led by Tiger Global and Insight Partners at a valuation of over $1 billion, becoming the latest Indian start-up to become a unicorn. The series B financing was also backed by new and existing investors, including Advent International’s Sunley House Capital, Moore Strategic Ventures, Anfa, Gunosy, Blume Ventures and 8i.
Slice is the 41st start-up to become a unicorn this year, underscoring investors’ sustained appetite to back tech firms amid growing consumer demand for digital services. The Bengaluru-based firm has raised about $258.8 million equity so far, according to data from Crunchbase. In June, it had got $20 million from investors led by Blume Ventures and Gunosy.