VC Fund Investments
Neobanking platform Chqbook raises Rs.40-Cr from Aavishkaar, Rajiv Dadlani Group, others
Bangalore-based Neobanking platform, Chqbook, has raised INR 40 crore as a part of its Pre-Series B round led by existing investor Aavishkaar Capital and the Rajiv Dadlani Group. The equity round also saw participation from Earlsfield Capital UK, and family offices and high networth investors including Jeremy Lim, Bhupesh Kumar, Nilesh Srivastava, and others. Chqbook will use the capital to ramp up user acquisition and strengthen its technology platform. Chqbook provides small business owners access to current accounts, bookkeeping service for cash transactions, along with credit and insurance.
From the Venture Intelligence PE-VC Deal Database: Between Nov-18 and Feb-20, Chqbook had raised more than INR 36 crore from Aavishkaar and Madison Capital.
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