May 2022

Mr. Paddy Raghavan, Alumnus raises $3 Million Funding


IIIT Bangalore takes yet another pride to mention an achievement of its Alumnus, Mr. Paddy Raghavan, Founder of Multipl, a fintech company. His company has raised $3 million a funding round led by Blume Ventures, GrowX Ventures, IIFL, and Kotak Securities Limited. The funding will be utilized to widen investment options and help Indians plan their expenses better. It was recently splashed in the media that Multipl expand its base five times and innovate faster to incorporate many more models that will help users gain superior returns which are personalized to them and their goals. The company aimed to ensure that all Indians adopt the efficient way of saving and spending and never leave money behind on any of their future expenses.


The International Institute of Information Technology Bangalore is a technical and research university in Bangalore, India. The Institute is a registered not-for-profit society funded jointly by the Government of Karnataka and the IT industry under a public-private partnership model.

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