About $160K raised by PensionBox in seed round from a clutch of angel investors, others
- ByStartupStory | March 7, 2022
A digital pension app, PensionBox raised about $160,000 in seed round from a clutch of angel investors- Kishore Ganji, Keynote India, Aprameya Radhakrishna, SAT Industry and others.
PensionBox was founded by Kuldeep Parashar and Shivam Parashar in 2021. It is a digital pension app that allows users to track pension savings, contribute and withdraw pension online by creating their own personalised digital pension plan.
It is a Bengaluru-based startup which in coming months plans to use the funds in order to hire a strong team and build its product faster to lead the way in the pension sector in India.
Kishore Ganji, founder, Astir VC, angel investor, and a board member at Hyderabad Angels said, “Today, when digitisation has rapidly disrupted almost about every aspect of our lives, pension remains a reasonably legacy concept. Yet pension, in fact, largely determines life after retirement. Both proper guidance and a platform to require control of one’s retirement aren’t readily available as they ought to be. Kuldeep and Shivam’s belief in a n exceedingly digital, personalised and versatile solution pension, and PensionBox’s vision of ‘reimagining pension for the 21st century’ to make sure a secure future beyond employment struck an ideal chord with us. ” The startup was a part of class 06 portfolio, VC firm 100X.VC.
“PensionBox addresses a really important need for billions of Indians who don’t have access to the correct resources to form an informed choice so still track their funds easily. At 100X.VC, it’s truly heartening to determine young India developing solutions for legacy systems and better serve the Indian workforce,” added Ninad Karpe, partner, 100X.VC.
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