ProsParity raises $2 Mn pre-seed round from BEENEXT, others

Fintech startup ProsParity has raised $2 million in its pre-seed round from global institutional investors such as BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures. 

Angel investors like Dr Ashish Gupta (co-founder of Junglee and Helion Ventures), Raj Dugar (ex-Eight Roads Ventures), Dhyanesh Shah (co-founder of Mosaic Wellness), Abhishek Goyal (co-founder of Tracxn) and Nitin Kaushal (co-founder of Country Delight) also participated in this round.

The funds will be used for building proof of concept, technology, and expanding origination networks, starting with central India. ProsParity is also building a comprehensive partnership network across original equipment manufacturers (OEMs), fleet operators, dealerships, and lenders. 

Founded by Saurabh Khodke and Anirudh Dhakar, ProsParity is an end-to-end electric mobility financing platform that focuses on compliance, scalability, and agility for lenders, while easing access to financing relationships for EV dealers and OEMs to enable financing for their end-customers. 

Through its proprietary platform and approach of origination, the firm aims to aggregate the demand for financing on a single platform for the lenders to channelize their capital in the emerging EV financing asset class.