New Delhi-based fintech platform Castler raised pre-Series A funding
Castler, a fintech startup based in New Delhi, announced that it has secured $5 million (about Rs. 41 crore) in pre-Series A funding from Info Edge's Capital 2B fund and IIFL fintech fund. Stride Ventures and Piper Serica joined current investors Zerodha, Venture Catalysts, 9Unicorns, and Faad Network in the round.
Castler will use the additional funding to broaden its banking alliances and global reach. Vineet Singh and Dinesh Kumar founded Castler, a global escrow platform for businesses that provides domestic and international escrow solutions.
The business states that it collaborates with 10 banking partners and manages monthly transactions worth more than Rs 5,000 crore.
Castler received $1 million in seed finance in 2022 from a group that included Venture Catalysts, 9Unicorns, Faad Network, and LetsVenture under the leadership of Rainmatter, the venture capital arm of Zerodha.
Castler will use the additional funding to broaden its banking alliances and global reach. Vineet Singh and Dinesh Kumar founded Castler, a global escrow platform for businesses that provides domestic and international escrow solutions.
The business states that it collaborates with 10 banking partners and manages monthly transactions worth more than Rs 5,000 crore.
Castler received $1 million in seed finance in 2022 from a group that included Venture Catalysts, 9Unicorns, Faad Network, and LetsVenture under the leadership of Rainmatter, the venture capital arm of Zerodha.
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