Mumbai-based crowdfunding platform Ketto has raised $700,000 in funding led by Chennai Angles and Calcutta Angles.
The startup plans to use the funds to double the size of its technology and business development teams with the aim to reach $100 million in crowdfunding value.
Ketto also plans to expand its operations in Singapore, Indonesia, Malaysia and other South-East Asian countries.
The company has witnessed a growth of over 3,000% on a year-on-year basis in terms of volume with the gross value of funding reaching nearly Rs 1 crore monthly.
Ketto is looking to piggyback the growing wave of crowdfunding in Asia which is expected to power the global crowdfunding sector that is expected to reach $96 billion by 2025.
Other investors in the funding round include ah! Ventures, Intellcap Impact Investment Network, Indus Age Partners, Singapore Angel Network, India Internet Fund, LetVenture, and Project Guerrilla.