Get All Access for $5/mo

Financial Services Startup CapitalSetu Raises $350,000 In Seed Funding The company will utilize the fund to 4 new technology products for businesses in the next 12 months and hire key team members and grow their market share

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Financial Services startup, CapitalSetu, has raised $350,000 in its Seed funding round. The round was led by Real Time Angel Fund, a prominent early-stage investment fund, and saw participation from several marquee investors, including Ashish Kacholia, Vikas Khemani, Rajat Mehta, Sunaina Bhattacharya, and others. The funding round comes at a time when the supply chain financing sector in India is experiencing rapid growth, as more individuals and businesses seek out easier solutions for their financial needs. The company will utilize the fund to 4 new technology products for businesses in the next 12 months and hire key team members and grow their market share.

"We are thrilled to have secured this Seed funding round, which is a significant milestone for us. Our mission is to help our customers save time and money by offering competitive supply chain financing solutions. We believe that small and medium manufacturing businesses are the backbone of India's economy, and we are proud to be a part of this ecosystem. Given that every business is unique, we take the time to understand our customers' needs and goals. We are grateful to have the support of Real Time Angel Fund and our other investors as we continue to grow and develop our business," said Pankaj Goel, founder and CEO, CapitalSetu.

Established in September 2020 by founders Pankaj Goel and Ayushi Gupta, CapitalSetu is one of the leading aggregators for small and medium manufacturing businesses in supply chain financing.

"CapitalSetu is a dynamic and innovative company that is developing new-age technology solutions to help businesses grow their business by making more finance available to them. The company is addressing a sizable gap in the market by providing personalized financial planning and investment solutions to businesses. The team has a deep understanding of the market and a clear vision for the future, making it a confident investment opportunity for us. CapitalSetu is well-positioned to continue its growth and expand its reach across India. We look forward to working closely with the team for the next leg of the company's journey," said Pranay Mathur, CEO, Real Time Angel Fund (RTAF).

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Starting a Business

He Started an 'Accidental' Business at 25 With Just $2,000 — Then Gave His Product to the Pope: 'Anyone Can Be an Entrepreneur'

Michael Aram, founder of the namesake luxury home and jewelry brand, learned the art of metalworking in India — and used it to launch a global brand.

Fundraising

You Don't Need Venture Capital Anymore — Here Are 4 Funding Alternatives

Are you hoping to raise capital for your business without traditional investor interference? Here are four alternatives you could pursue.

Business News

Elon Musk Endorses Trump, Says He's Faced Two Recent Assassination Attempts: 'Dangerous Times Ahead'

Elon Musk endorsed former President Trump minutes after the failed assassination at a rally in Pennsylvania and says two attempts have been made on his life while living in Texas.