Cashback and coupons site CashKaro has raised $10 million in a Series B funding round led by Korea Investment Partners (KIP) and existing investor Kalaari Capital. The company had previously raised its Series A and Angel rounds of funding from Kalaari Capital, Ratan Tata and London-based angel investors.
KIP is a leading venture capital firm with over 30 years of investment experience and over $3-billion worth of assets under management globally.
“CashKaro has seen incredible growth over the last two years, while consistently reducing losses. We felt that it was the right time to raise money and use it to tactically scale up marketing, open up new brand building avenues, user-acquisition, product development and hiring new talent. Our new social cashback app EarnKaro was launched about a year ago and seeing its fast growth, we are all very excited to deploy more funds towards its expansion,” Rohan Bhargava, co-founder, CashKaro.com,