Angel Investments
Localised cash dispenser PocketATM raises $400-K
PocketATM , a fintech platform headquartered in Mumbai, has USD 400,000 in a pre-seed round. The funding round was spearheaded by Indian Express Commercial Ventures, the investment arm of Indian Express Group, Samir Modi of Modicare, Himanshu Nautiyal from Fractal Analytics, Nirav Mehta of Morgan Stanley Private Equity, Hemant Adarkar of Artha Center, Venkatesh Hariharan, a public policy advisor, and Rajat Agarwal, Partner at Vertices Partners.PocketATM offers to localise cash in circulation by empowering local mom & pop stores to serve as cash dispensing touchpoints, delivering cash at customers’ homes, facilitating cash-outs at the shop location.
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