Coupon website Cashkaro reels in USD750,000

Secured funding

India-focused online coupon service Cashkaro has raised USD750,000 from numerous UK angel investors. The website formally launched earlier this year with headquarters in Gurgaon. It claims to partner with more than 350 brands such as Flipkart, Pizza Hut and Foodpanda.

Cashkaro’s model means firms do not pay to be listed on the database. Instead, Cashkaro receives a commission whenever a consumer makes a purchase through the website or uses a coupon. Registered members receives offers such as cashback promotions or coupon codes.

“The funds would be used to strengthen our position in India. It also makes us the leader in the segment,” said co-founder Swati Bhargav

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