Education technology startup Pesto and fintech startup Chqbook are among the latest Indian startups to have raised funds.
Harsha Bhogle backs Chqbook
Gurugram-based fintech startup Chqbook on Tuesday announced that it has raised an undisclosed amount in funding from cricket commentator Harsha Bhogle.
Founded in 2017, Chqbook allows customers to explore, compare and buy personal finance products such as personal loans, home loans and credit cards. The startup uses its proprietary artificial intelligence platform TARA to provide a choice of personalized, pre-approved products through its partnerships with banks.
“With 40 per cent of the population having no association with any bank and more than 80 per cent of the transactions carried out through cash, financial services are largely underpenetrated in India. This under-penetration, combined with the rapidly growing youth demographics and rising adoption of smartphones, presents a huge opportunity for ChqBook,” Bhogle said.
Matrix leads funding in Pesto
Education technology startup Pesto has raised an undisclosed amount in a seed funding round led by venture capital firm Matrix Partners, it announced on Thursday.
According to several media reports, the total capital raised by the startup is close to $2 million. Others who participated in the investment round included Swiggy founders Sriharsha Majety, Rahul Jaimini and Nandan Reddy; Innov8 founder Ritesh Malik; Posist founder Ashish Tulsian and Jack Yeung of OIC Capital.
“There’s a severe shortage of tech talent in certain parts of the world (US, Canada, Europe, etc.) and we believe that India has a large number of undiscovered tech talent that can fill this gap,” said Pesto founder Ayush Jaiswal.