Indian e-commerce offers website CashKaro gets $10 million Series B led by Korea Investment Partners

by RJ Shara | Sep 15, 2020 | Fundings and Exit, Startups

CashKaro, one of the leading cashback and discount coupon websites in India, will broaden its range of services for e-commerce after raising$10 million in Series B funding, the New Delhi-based start-up revealed today. The round was led by Korea Investment Partners, with involvement from returning investor Kalaari Capital. TechCrunch last covered CashKaro 5 years ago […]
The launch of EarnKaro also permitted CashKaro to reach into smaller sized cities and rural areas, where shoppers frequently choose to buy from people whose recommendations they rely on( i.e. “micro-influencers “)instead of e-commerce sites. CashKaro’s creators states it currently processes more than one million monthly deals.”We are seeing that saving consciousness has gone up amongst online shoppers and individuals are discovering services like CashKaro and EarnKaro more helpful than ever before, “Bhargava said. For Korea Financial investment Partners, one of the biggest South Korean venture capital companies, CashKaro represents a chance to tap into India’s fast-growing e-commerce market. …