CashKaro, India's biggest Cashback and Coupons site has made sure about $10 million out of a Series B financing round drove by Korea Investment Partners and existing speculator Kalaari Capital. This crisp financing takes the aggregate sum raised by the Gurugram-based startup to $15 million.
The organization had recently raised their Series An and heavenly attendant round of financing from Kalaari Capital, Ratan Tata, and London-based blessed messenger speculators.
The organization would use the store to scale up promoting, open up new brand building roads, client obtaining, item advancement, and employing new ability.
"Our social cashback application EarnKaro was dispatched about a year prior, and seeing its quick development we are on the whole extremely eager to convey more assets towards its extension," said Rohan Bhargava, Co-Founder, CashKaro.
Established in 2012 by Rohan and Swati Bhargava, CashKaro is a showcasing channel for more than 1,500 internet business locales, for example, Amazon, Flipkart, Myntra, Ajio Brands, that pay CashKaro commission for each exchange, and the startup passes a bit of this as cashback to its individuals. This Cashback can be reclaimed as money in a financial balance or as blessing vouchers.
"India is a developing business sector for us and CashKaro is an incredible route for us to partake in the Indian internet business industry. We accept this is an exceptionally adaptable chance and both Swati and Rohan have set it on a genuinely energizing development direction," said Hudson Kyung-sik Ho, Managing Partner of KIP. The VC firm has over $3 billion worth of Assets Under Management all around the world.
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