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    QONEQT in News

    03-Nov-2022 04:50 PM


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    Ratan Tata-backed CashKaro secures Rs 130 crore in latest fundraise

    Ratan Tata-backed cashbacks and coupons platform, CashKaro, has secured Rs 130 crore in funding in the Series C fundraise, led by Singapore-based Affle Global.Its Gross Merchandise Volume (GMV) recorded a growth of 20X in the first five days of the sale, as Amazon, Myntra, Ajio and Nykaa saw an increase in orders.Their revenue increased from Rs 100 crore in FY21 to Rs 225 crore in FY22. “We felt it was the right time to raise money and scale up our user acquisition, marketing, expansion into new business verticals, product development and hiring new talent,” she said.Anuj Khanna Sohum, Founder & Chairman of AGPL said that they are optimistic about CashKaro’s continued growth trajectory.Affle Global is a 100 per cent-owned subsidiary of Affle Holdings, backed by Microsoft, and Bennett Coleman & Company, among others.
    Source: BusinessToday
    #RatanTata #CashKaro