Financial services startup CapitalSetu has raised $350,000 in a seed funding round led by Real Time Angel Fund, with participation from several marquee investors, including Ashish Kacholia, Vikas Khemani, Rajat Mehta, Sunaina Bhattacharya, and others.
The startup will use the funds raised to hire key team members, grow market share, and add new business technology solutions over the following year.
The funding round comes when India’s supply chain financing industry expands quickly as more individuals and companies look for more straightforward ways to meet their financial demands.
CapitalSetu is an aggregator for small and medium manufacturing businesses in supply chain financing, founded by Pankaj Goel and Ayushi Gupta. The startup uses cutting-edge technologies to make supply chain financing available to corporations in the MSME and Non-MSME sectors.
“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,” said Pankaj Goel, Founder & CEO – CapitalSetu.
“The supply chain financing market is highly competitive, but we believe that our user-friendly platform, competitive prices, and personalized approach set us apart. We are dedicated to helping small and medium manufacturing businesses succeed, and we believe that our platform can help them to unlock their full potential. 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 added.
Speaking about the investment, Pranay Mathur, CEO of Real Time Angel Fund (RTAF), said, “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.”