How Much Did CashFlo Raise? Funding & Key Investors

CashFlo has successfully raised multiple funding rounds, with its latest being a Series B. The platform offers a comprehensive SaaS Finance Automation Solution tailored for corporate finance teams at large Indian companies.

Keep reading to explore the intricacies of CashFlo's fundraising journey and the investors backing this innovative platform.

What Is CashFlo?

Founded in 2018, CashFlo is a Mumbai-based company specializing in SaaS Finance Automation Solutions for corporate finance teams at large Indian companies. The platform aims to revolutionize how businesses manage accounts payable and supply chain financing.

CashFlo was established by Ankur Bhageria and Dushyant Agarwal. The company has grown significantly since its inception and now employs between 101 and 250 people.

By offering an integrated AP automation and supply chain financing platform, CashFlo helps businesses optimize their working capital and improve cash flow, creating a win-win ecosystem for buyers, suppliers, and financiers.

How Much Funding Has CashFlo Raised?

1. Series A
   • Amount Raised: $3.3M
   • Date: September 2019
   • Lead Investors: Elevation Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop and launch core finance automation and invoice discounting services.
2. Series B
   • Amount Raised: $8.7M
   • Date: September 2022
   • Lead Investors: General Catalyst, Elevation Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market leadership, invest in core products and technology, and enhance product offerings for SMEs and corporates.

CashFlo has raised a total of $12M in funding. The current valuation is not publicly disclosed.

Key Investors

• Elevation Capital
  • Details: Elevation Capital is a venture capital firm that focuses on early-stage investments in technology and internet companies. They have a strong presence in the Indian startup ecosystem.
  • Investment Focus Areas: Technology, internet companies, consumer products.
  • Notable Investments: Paytm, Swiggy, UrbanClap.
• General Catalyst
  • Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies across various sectors. They are known for their strategic support and extensive network.
  • Investment Focus Areas: Technology, healthcare, consumer services.
  • Notable Investments: Airbnb, Stripe, Snap.
• Jitendra Gupta
  • Details: Jitendra Gupta is a prominent angel investor and the founder of Jupiter, a digital banking platform. He has a strong background in fintech and financial services.
  • Investment Focus Areas: Fintech, digital banking, financial services.
  • Notable Investments: Not publicly disclosed.
• Amrish Rau
  • Details: Amrish Rau is the CEO of Pine Labs, a leading merchant commerce platform. He is an experienced entrepreneur and investor in the fintech space.
  • Investment Focus Areas: Fintech, payments, merchant services.
  • Notable Investments: Not publicly disclosed.
• Nitin Gupta
  • Details: Nitin Gupta is the founder of Uni, a buy now, pay later (BNPL) startup. He is an active angel investor with a focus on innovative financial solutions.
  • Investment Focus Areas: Fintech, BNPL, financial technology.
  • Notable Investments: Not publicly disclosed.

What's Next for CashFlo?

CashFlo stands at the cusp of significant growth opportunities, driven by the expansion of its invoice discounting services and the development of a broader suite of finance automation products. With a network of over 200,000 SMEs and 60 corporates, the potential for scaling operations is immense. The company’s focus on automating core finance processes positions it well to capitalize on the increasing demand for B2B payment solutions and financial inclusivity for microbusinesses and SMBs.

Future fundraising rounds seem likely as CashFlo continues to invest in technology and expand its market leadership. The involvement of high-profile investors like General Catalyst and Elevation Capital suggests strong backing for future growth. However, challenges such as competition from other fintech platforms and the need for continuous innovation could pose hurdles. Navigating these challenges will be crucial for CashFlo to maintain its competitive edge and achieve sustained growth.

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