CapitalSetu, an early-stage investment company for financial services, has raised $350,000 (Rs 2.8 crore) in a seed funding round that was overseen by Real Time Angel Fund (RTAF). Numerous angel investors also took part in the round, including Sunaina Bhattacharya, Rajat Mehta, Lucky Securities' Ashish Kacholia, Carnelian Asset Advisors' Vikas Khemani, and JITO Angels' Rajat Mehta.

The Noida-based business intends to use the money for talent acquisition, product development, and global expansion. CapitalSetu is a supply chain finance aggregator for micro, small, and medium-sized manufacturing companies that was founded in 2020 by Pankaj Goel and Ayushi Gupta.

"The supply chain financing market is competitive, but our user-friendly platform, competitive prices, and personalised approach set us apart," said Pankaj Goel, founder and CEO of CapitalSetu.

Early-stage investor RTAF announced last month that it will increase the size of its first fund, which had an initial corpus of Rs 100 crore, by more than 5 times to Rs 510 crore. RTAF's portfolio includes startups like SaaS platform TransportSimple and online marketplace MyMandi.