One Card looking to raise Rs 240 crore from Better Tomorrow Ventures, Peak XV Partners and Z47

The round will see the Pune-based fintech get valued at around $1.1 billion, slightly lower than its 2022 valuation of $1.4 billion. Till date, One Card has raised $234 million from multiple large investors with Z47, Peak XV Partners and QED Investors having significant shareholding in the company.