Recko has raised $6 Million (approx Rs. 46 crores) in its Series A funding round.
The funding round was led by Vertex Ventures and also saw participation from Prime Venture Partners.
Founded in 2017 by Saurya Prakash Sinha and Prashant Borde, Recko is a Bengaluru based enterprise fintech startup. Recko keeps track of the complete transaction lifecycle and commercial contracts for organisations. And the list of its clients includes Dunzo, Grofers, Meesho, etc.
As per the startup, it will use the funds for acquiring talent, enhancing its technological infrastructure, product development and expanding into new geographies outside of India.
Talking about the funding, Co-Founder of Recko, Saurya Prakash Sinha said,
“Right now it is a great time for companies to put systems in place to get ready for the growth when the markets open up. As we move forward we intend to build a solid financial platform on which fast-growing tech businesses can be built.“