PensionBox Raises $160,000 From Angel Investors, Others
Digital pension app PensionBox has raised $160,000 in funding from Kishore Ganji, Keynote India, Aprameya Radhakrishna, SAT Industry, and others.
As per the startup, the raised funds will be used to hire a strong team and build its product faster in the coming months to lead the way in the pension sector in India.
PensionBox | Digital Pension Platform For Private Workforce
Founded by Kuldeep Parashar and Shivam Parashar in 2021, PensionBox is a Bengaluru-based digital pension app digitising pensions and empowering millions to secure their retirement with the right pension. The cloud-based, AI-enabled technology platform allows users to create their personalised digital pension plan to track pension savings, contribute and withdraw pension online.
Speaking about the development, Kishore Ganji, founder, Astir VC, angel investor, and a board member at Hyderabad Angels, said,
“Today, when digitisation has rapidly disrupted just about every aspect of our lives, pension remains a fairly legacy concept. Yet pension, in fact, largely determines life after retirement. Both proper guidance and a platform to take control of one’s retirement aren’t readily available as they should be.”
He added,
“Kuldeep and Shivam’s belief in a digital, personalised and flexible solution pension, and PensionBox’s vision of ‘reimagining pension for the 21st century’ to ensure a secure future beyond employment struck a perfect chord with us.”
PensionBox allows users to set up their tailor-made pension plan in minutes, track existing savings in a few quick clicks. The Bengaluru-based digital pension app aims to empower millions of Indians to secure their retirement with the right pension.
As per Ninad Karpe, Partner, 100X.VC, PensionBox addresses a very important need for billions of Indians who do not have access to the right resources to make an informed choice and then continue to track their funds easily.
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