PE-VC Fund Investments
Rewards platform Onpoint raises $600-K co-led by First Cheque, Whiteboard Capital
New Delhi-based Onpoint has raised USD 0.6 million in a pre-seed funding round co-led by First Cheque and Whiteboard Capital. The round also saw participation from several angel investors, including former directors from Meta and Google, as well as alumni of the Kellogg School of Management.Founded in 2025 by former Meta employees Nakul Khanna and Anurag Gupta, Onpoint operates using a payment-agnostic model, allowing users to earn rewards known as Onpoints when purchasing gift vouchers or shopping with partner brands. These rewards can be combined with existing credit card and loyalty benefits and redeemed across various travel and loyalty programs.The company plans to use the new capital to strengthen its product, expand its merchant network and grow its user base in India.
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