Private Equity

VC Fund Investments

Business data API provider RootFi raises $1.5 M from Y Combinator, others

Press Release   Entrackr  

Bengaluru-based business-to-business (B2B) SaaS startup RootFi has raised over USD 1.5 million in a seed funding round from Y Combinator, Soma Capital, Pioneer Fund, and individual investors such as Arash Ferdowsi (Founder and ex-CTO of Dropbox), Alan Rutledge, Samvit Ramadurgam (Founder of Forge), Amit Goel (Founder of Medici, Global & India Head of Prove), Anmol Maini and Vedica Kant (Partners at Untitled Ventures). The company plans to use the raised funds to expand its coverage across different regions and categories such as e-commerce, CRM, & payments, and scale its team. Co-founded in 2022 by Ishwar Gogineni, Sidharth Rao and Parth Shah, RootFi aims to provide a unified API for accessing consented business data from various financial platforms, including accounting, payments, and e-commerce platforms, and power new innovations for businesses in India, Asia, the Middle East, and Africa. The startup claims to work with more than 25 fintech, SaaS, and financial institutions, to power technology for credit, underwriting, accounting automation, and business financial management. RootFi was a part of Y Combinator's Summer 2022 batch.