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Cashkaro raises $3.7 million from Kalaari Capital

  • Coupons and cashback
    deal website Cashkaro has raised $3.78 million in a Series A funding from
    Kalaari Capital, reported the
    Economic
    Times
    .

    • Coupons and cashback
      deal website Cashkaro has raised $3.78 million in a Series A funding from
      Kalaari Capital, reported the
      Economic
      Times
      .


    •  
    • The company will use
      the funds for brand building, marketing and international expansion to Russia, Singapore,
      Malaysia
      and the Gulf countries. It also plans to launch its Android and iOS apps next
      year.
    •  
    • Cashkaro claims to have
      credited cashback worth Rs 20 crore since its inception, and driven over Rs 500
      crore in GMV. It plans to cross Rs 1,000 crore in GMV and credit cashbacks
      worth Rs 35 crore in the next few months.
    •  
    • The company is
      reportedly growing at 30-40% every month, and “1.5 million online users
      earn cashback every 15 seconds” on the platform.
    •  
    • Launched in April
      2013 by Swati Bhargava and Rohan Bhargava, Cashkaro had raised $750,000 from a
      group of UK-based angel investors, in the same year in August. While the company
      did not disclose all the angel investors, ASAP Ventures’ owner Doug Scott has
      co-invested in the company and was appointed as an advisor at Cashkaro.
    •  
    • In February, Cashkaro
      updated its website to include a product discovery and price comparison search
      engine, which could compare products and prices across websites including
      Amazon, Snapdeal, Jabong, Paytm, Homeshop18, LensKart, FabFurnish and Firstcry.

     

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