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Founded in 2017 by Vipul Sharma, Rajat Kumar, Mohit Goel, and Sachin Arora, Chqbook is a neobank based in Gurugram and Bengaluru that provides banking, lending, insurance, and accounting services to small business owners. The company operates a mobile financial marketplace tailored for underserved proprietorships, utilizing alternate data to underwrite products for local merchants, chemists, and kirana store operators. Serving customers across 500 Indian cities, the enterprise has accumulated over 1.5 million downloads and processes an annualized transaction value of approximately INR 30 billion. To support its operations and drive financial inclusion, Chqbook has secured capital including a Rs 40 crore pre-Series B equity round and Rs 7.5 crore in venture debt. These funding rounds were backed by investors such as Aavishkaar Capital, InnoVen Capital, Earlsfield Capital, Startup Buddy, and the Rajiv Dadlani Group.
Chqbook has raised $10.4M across 2 funding rounds.
Chqbook has raised $10.4M in total across 2 funding rounds.
Chqbook has raised $10.4M across 2 funding rounds. Most recently, it raised $5.4M Pre-Series B in September 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 23, 2021 | $5.4M Series A Plus | Aavishkaar Capital, Rajiv Dadlani | Bhupesh Kumar, Jeremy LIM, Nilesh Srivastava, Aakash Agrawal | Announced |
| Mar 2, 2020 | $5M Series A | Sushma Kaushik | — | Announced |
Chqbook has raised $10.4M in total across 2 funding rounds.
Chqbook's investors include Aavishkaar Capital, Rajiv Dadlani, Bhupesh Kumar, Jeremy Lim, Nilesh Srivastava, Aakash Agrawal, Sushma Kaushik.
