Fintech Startup CapitalSetu raises seed round

Fintech startup CapitalSetu has raised $350K in its seed funding round led by Real Time Angel Fund. Individuals investors including Ashish Kacholia, Vikas Khemani, Rajat Mehta, Sunaina Bhattacharya, and others also participated in the round.

According to CapitalSetu, the funds will be used to add new technology products for businesses in the next 12 months and hire key team members and grow market share.

Founded by Pankaj Goel and Ayushi Gupta, CapitalSetu is aggregators for small and medium manufacturing businesses in supply chain financing. At present, it services across India focuses on helping customers by saving time and money as it claims to offers supply chain financing descriptions at competitive and unmatchable prices.

The early-stage investment fund Real Time Angel Fund had raised Rs 125 crore in last month. Since its inception, RTAF has invested in 10 startups across sectors including healthtech, fintech, and agritech.