CapitalSetu, a financial services start-up that operates throughout India, has announced the successful completion of its seed funding round, raising $350k.
The funding round was headed by Real Time Angel Fund, a significant early-stage investment fund, and featured contributions from well-known investors such as Ashish Kacholia, Vikas Khemani, Rajat Mehta, and Sunaina Bhattacharya, among others, as per reported by BW Disrupt.
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“We are thrilled to have secured this seed funding round, which is a significant milestone for us. Our mission is to help our customers save time and money by offering competitive supply chain financing solutions. We believe that small and medium manufacturing businesses are the backbone of India’s economy, and we are proud to be a part of this ecosystem. Given that every business is unique, we take the time to understand our customers’ needs and goals. The supply chain financing market is highly competitive, but we believe that our user-friendly platform, competitive prices, and personalized approach set us apart. We are dedicated to helping small and medium manufacturing businesses succeed, and we believe that our platform can help them to unlock their full potential. We are grateful to have the support of Real Time Angel Fund and our other investors as we continue to grow and develop our business,” said Pankaj Goel, Founder & CEO – CapitalSetu
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Utilizing advanced technology, the company has become a prominent aggregator in the supply chain financing industry, making financing options more accessible to MSME and non-MSME corporations. The capital round occurs at a time when India’s supply chain financing industry is expanding quickly as more people and companies look for simpler ways to meet their financial demands.
Speaking about the investment, Pranay Mathur, CEO of Real-Time Angel Fund (RTAF), said, “CapitalSetu is a dynamic and innovative company that is developing new-age technology solutions to help businesses grow their business by making more finance available to them. The company is addressing a sizable gap in the market by providing personalized financial planning and investment solutions to businesses. The team has a deep understanding of the market and a clear vision for the future, making it a confident investment opportunity for us. CapitalSetu is well-positioned to continue its growth and expand its reach across India. We look forward to working closely with the team for the next leg of the company’s journey.”
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The secured funds will be utilized by CapitalSetu to develop four new technology products tailored for businesses within the next 12 months. Additionally, the company plans to expand its market share by hiring key team members.
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About CapitalSetu
CapitalSetu Private Limited was established by Pankaj Goel and Ayushi Gupta; they have been actively engaged in the same field since 2011.
