Private Equity

VC Fund Investments

Orios-backed corporate cards startup Karbon raises addl funding from Y Combinator

Business Line  

Karbon Card, a fintech company providing corporate cards to startups, has raised growth capital from accelerator Y Combinator (YC). Founded in 2019 by Pei-fu Hsieh, Amit Jangir, Kartik Jain and Sunil Sinha, the Bengaluru-headquartered company will use the funds to step up its product development, hiring plans and operations. Karbon has been selected in YC's summer batch of 2021. Karbon has raised USD 3.5 million so far from investors such as Orios Venture Partner and US-based 2AM VC. The company claims to have managed over 1,500 clients in less than two years, managing a 35% month-on-month growth in revenues.