Company Name : Cashkaro
Funding Amount : Undisclosed
Investor(s) Ratan Tata . .
Funding Round : Not Disclosed
Cashkaro has raised an undisclosed investment from Ratan Tata and plans to use the fund to enhance its technology, expand in international markets and for talent acquisition.
Founded by Swati Bhargava and Rohan Bhargava, the company had earlier raised Rs 25 crore from Kalaari Capital.
The startup claims that it has partnered with over 1000 retailers, have over 10 lakh registered users completes upto 3 lakh transactions every month. CashKaro has credited Rs 30 crores in real cash as Cashback to its members and expects to cross Rs 1000 crores in GMV in the next few months.
Swati & Rohan Bhargava, Co-founders, CashKaro, said, “The funding from Mr. Ratan Tata marks another milestone in CashKaro’s three-year journey. We are privileged to have him come on-board as an investor. An investment by him is an affirmation of the opportunity that CashKaro is addressing and the relentless efforts of the team towards building a large, valuable savings destinations that millions of Indians love. His expertise and insight will be immensely helpful as CashKaro.com expands to newer markets and pursues an aggressive customer acquisition strategy.”