Micro-savings platform Siply raises $3.2 M from LetsVenture, AngelList India, others

Bengaluru-based micro-savings platform Siply has raised USD 3.2 million in equity and debt as part of its pre-Series A round led by LetsVenture, AngelList India and Founder Room Circle with participation from investors like Kunal Shah (Cred), Beerud Sheth (Gupshup), Satish Grampurohit (Ex-Infosys), Shanti Mohan (Founder of LetsVenture) and Pratekk Agarwaal (Angel Investor, Ex CBO-BharatPe). Existing investor JITO Angel Network also participated in the round. Siply will use the new funds to expand its reach to over 400 towns and strengthen its team and technology capabilities.