Fintech startup Castler raises $1-M from Zerodha's arm Rainmatter, others

New Delhi-based global escrow banking solution provider Castler has raised USD 1 million from Zerodha-promoted venture capital unit Rainmatter, with participation from Venture Catalysts, 9Unicorns, Faad Network and LetsVenture. Castler will use the funds to further expand its domestic and cross-border escrow product portfolio, and is expected to go live with 10 more banks. The startup also plans to grow its business by 10x over the next year.