Angel Investments
Credit mgmt enabler CheQ raises $2.2 M from Ram Shriram, others
Bengaluru-based B2C (business-to-consumer) credit management platform CheQ has raised INR 18.5 crore (USD 2.2 million) additional funding in its extended second tranche of the seed round. The company is to allot 6,855 Seed 1 CCPS (compulsorily convertible preference shares) at an issue price of INR 26,988.91 each to raise INR 18.50 crore. In Apr 2024, it had raised USD 4.5 million as part of its first tranche of the seed round.Sherpalo LLC (promoted by Silicon Valley veteran Ram Shriram) invested INR 8.32 crore, while Lloyd Dizon and Zenaida Dizon Balajadia invested INR 4.16 crore each.Founded in 2022 by Aditya Soni, CheQ helps customers simplify the discovery and management of all credit products and allows the user to pay credit card bill, and EMI on a single platform.
Between June, 2022 and Apr, 2024, CheQ had raised over USD 14.2 M from Venture Highway , 3one4 Capital, Multiply Ventures, Marshot Ventures, Veda VC and Redbrook Pte. Ltd.
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