Digital pension app PensionBox raises $1,60,000 capital

Published - March 07, 2022 04:08 pm IST

PensionBox, a digital pension app has raised $1,60,000 from Kishore Ganji, Keynote India, Aprameya Radhakrishna, SAT Industry and others, the firm said.

It has developed a digital pension app that digitises pensions and helps people to secure their retirement with the right pension. 

With the funds raised, backing from 100X.VC, and other angel investors, the firm plans to hire a team and build its product faster in coming months.

“PensionBox addresses a very important need for billions of Indians who do not have access to the right resources to make an informed choice and then continue to track their funds easily. It is heartening to see young India developing solutions for legacy systems and better serve the Indian workforce,” Ninad Karpe, partner, 100X.VC said.

Meanwhile, Chhotastock, which deals with small-ticket stocks said it has closed its pre-seed round of funding this week from a clutch of angel investors from India and the UAE. 

The round involving capital raise of $350,000 was led by SC Innovations Funds and investors from the UAE, it said. 

The start-up is targeting young, non-professional investors in tier 2 and 3 cities of India. It said it will give small investors access to the upcoming LIC IPO later this month.

“Our aim is to create wealth for the 290 million underserved small investors in the country,” said Mithun Tantri, founder and CEO.

The firm said it will quickly raise more growth capital in the coming future to support its expansion plans.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.