Fintech Startup CapitalSetu Raises $350k In Seed Funding
CapitalSetu, a Noida-based financial services startup, has raised $350k in its seed funding round led by Real Time Angel Fund, a prominent early-stage investment fund. The funding round also saw participation from several marquee investors, including Ashish Kacholia, Vikas Khemani, Sunaina Bhattacharya, Rajat Mehta, and others.
As per the startup, the freshly raised funds will be used for product development, geographical expansion and hiring talent.
CapitalSetu | Supply Chain Financing Aggregator
Founded by Pankaj Goel and Ayushi Gupta in 2020, CapitalSetu is a supply chain financing aggregator for micro, small and medium manufacturing businesses.
The startup makes supply chain financing accessible to MSME and Non-MSME Corporates.
Speaking about the development, Pankaj Goel, Founder & CEO of CapitalSetu, said,
“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.”
The startup is on a mission to help its customers save time and money by offering competitive supply chain financing solutions. Operating across all cities in India, the Noida-based financial services startup uses cutting-edge technology to make supply chain financing accessible to MSME and Non-MSME Corporates.
The funding development has come at a time when the Indian supply chain financing sector is experiencing rapid growth, as more individuals and businesses are seeking more accessible solutions for their financial needs.
Commenting on the development, Pranay Mathur, CEO of Real Time Angel Fund (RTAF), stated that CapitalSetu is addressing a sizable market gap by providing businesses with personalized financial planning and investment solutions.
Pranay Mathur added,
“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.”
This funding round was led by early-stage investor Real Time Angel Fund (RTAF), which has companies like online marketplace MyMandi and SaaS platform TransportSimple in its portfolio. Last month, RTAF announced an upsize of its maiden fund, which had an initial corpus of Rs 100 crore by more than 5x to Rs 510 crore.
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