Scaling The Tech Infrastructure, Cybersecurity Startup Kratikal Secures USD 1 MN Investment

Team Startup CityThe cybersecurity major Kratikal announced that it has bagged fund of USD 1 Mn in the funding round led by Gilda VC, Art Ventures, and Rajeev Chitrabanu, Founder at Magnetics. The Pre-Series A funding round also included participation from Shangrila Infotech LLP, Equentia Natural Resources, Artha Ventures, Lets Venture, and Madhusudan Gopinath-angle investor. Prior to this, Kratikal raised undisclosed amount of fresh fund from angel investors in January 2017.

Founded by NIT Allahabad alumni Pavan Kushwaha, Paratosh Bansal, Dip Jung Thapa in 2013 Kratikal has built various security solutions to tackle the rising threats in cyberspace. It is serving over 100 clients including the likes of Kotak
Mahindra Bank, Aditya Birla Capital, Himalaya Wellness, PVR Cinemas, Fortis Healthcare, Cars24, Pine Labs, and Drivezy, among others

The company is looking forward to trigger R&D, product development and deployment and promotion of its security solutions. The fund received will also assist the brand to enhance the business operation strategy, drive the man power, scale the tech infrastructure and trigger R&D of products. It is also aiming to expand the presence in India and the international markets like the US and Europe.

As the company is joining hands with top-notch investors, this would help Kratikal to lever-age scopes & opportunities in the Middle East Market. Art Venture is expected to assist the brand to expand in the BFSI sector.

Kratikal has marked presence in Noida, Mumbai, Bangalore and it is on the verge to expand the footprints in Hyderabad, Chennai and Pune in the upcoming months. The company is securing financial advisories from Chitrabhanu which will thrive the company to achieve a positive return on investment (ROIs).

Throwing light on the recent funding round, Pavan Kushwaha, CEO of Kratikal said, "This capital infusion will help the start-up to unlock the next phase of its business growth by optimising operations and rapidly scaling up its market footprint, both in India and across other high-growth international markets."