About Castler
Castler is a company based in Delhi (India) founded in 2015 by Kumar Amit Sinha, Dinesh Kumar, and Vineet Kumar Singh.. Castler has raised $8.01 million across 6 funding rounds from investors including Flipkart, Angel List and IIFL Finance. The company has 40 employees as of April 06, 2024. Castler offers products and services including Enterprise Escrow, Transaction Banking Suite, and Exclusive Label Solutions. Castler operates in a competitive market with competitors including Tripartie, Dealsafe, GoCrow, Scrow and SkroPay, among others.
- Headquarter Delhi, India
- Employees 40 as on 06 Apr, 2024
- Founders Kumar Amit Sinha, Dinesh Kumar, Vineet Kumar Singh
- Stage Minicorn
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Ncome Tech Solutions Private Limited
- Date of Incorporation 08 Jan, 2019
- Jurisdiction Delhi, India
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Annual Revenue
$196.39 K (USD)264.92as on Mar 31, 2023
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Net Profit
$-411.22 K (USD)-1112.63as on Mar 31, 2023
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EBITDA
$-327.85 K (USD)-1393.02as on Mar 31, 2023
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Total Equity Funding
$8.01 M (USD)
in 6 rounds
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Latest Funding Round
$18.07 K (USD), Seed
Nov 06, 2024
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Investors
Flipkart
& 91 more
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Employee Count
40
as on Apr 06, 2024
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Products & Services of Castler
Castler offers a comprehensive portfolio of products and services, including Enterprise Escrow, Transaction Banking Suite, and Exclusive Label Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for integrating escrow with banks and automating workflows.
Manages current and escrow accounts on a unified platform.
Customizable escrow platform for specific industry needs.
Unlock access to complete
Funding Insights of Castler
Castler has successfully raised a total of $8.01M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $18.07 thousand completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Seed — $18,067
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First Round
First Round
(15 Jul 2020)
- Investors Count 92
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Seed - Castler | Valuation |
investors |
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| May, 2023 | Amount | Seed - Castler | Valuation | Capital 2B , IIFL Fintech Fund | |
| Aug, 2022 | Amount | Seed - Castler | Valuation | PointOne Capital , Angel List |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Castler
Castler has secured backing from 92 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Flipkart, Angel List and IIFL Finance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm focused on technology companies
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Founded Year | Domain | Location | |
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Early-stage startup ecosystem is supported by Venture Catalysts in India.
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Founded Year | Domain | Location | |
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Angel network focused on early-stage investments
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Castler
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Castler
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Castler Comparisons
Competitors of Castler
Castler operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tripartie, Dealsafe, GoCrow, Scrow and SkroPay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Escrow payment solutions are provided for businesses and marketplaces.
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| domain | founded_year | HQ Location |
Digital escrow solution for buyers and sellers
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| domain | founded_year | HQ Location |
Escrow-based digital payments are provided for secure buyer-seller transactions.
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| domain | founded_year | HQ Location |
Provides digital escrow platform for secure, transparent payments in various industries.
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| domain | founded_year | HQ Location |
Provides escrow-based banking solutions for consumers and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Castler
Frequently Asked Questions about Castler
When was Castler founded?
Castler was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Castler located?
Castler is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Castler?
Vineet Kumar Singh is the current CEO of Castler. They have also founded this company.
Is Castler a funded company?
Castler is a funded company, having raised a total of $8.01M across 6 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Jul 15, 2020.
How many employees does Castler have?
As of Apr 06, 2024, the latest employee count at Castler is 40.
What is the annual revenue of Castler?
Annual revenue of Castler is $196.39K as on Mar 31, 2023.
What does Castler do?
Castler was established in 2015 in Delhi, India, within the fintech sector. Escrow-based banking services are delivered to consumers and businesses, supporting financial institutions through various tools. These encompass lending solutions for fund disbursals and collections, e-KYC verification processes, transaction platforms for buyers and sellers with two-factor authentication, and QR-enabled escrow mechanisms. Operations emphasize secure financial transactions across domestic markets.
Who are the top competitors of Castler?
What products or services does Castler offer?
Castler offers Enterprise Escrow, Transaction Banking Suite, and Exclusive Label Solutions.
Who are Castler's investors?
Castler has 92 investors. Key investors include Flipkart, Angel List, IIFL Finance, StrideOne, and Venture Catalysts.
What is Castler's valuation?
The valuation of Castler is $19.65M as of May 2023.
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