GimBooks, a fintech startup, has announced that it has raised undisclosed investment in the seed funding round from a group of angel investors led by First Check Ventures via the US-based AngelList platform. The round also saw participation from Y Combinator.
Speaking on the announcement, Yash Raj Agarwal, Founder and CEO of GimBooks, commented, “We are delighted to announce the first-ever funding round of GimBooks, which enables us to fast-track our growth and customer acquisition, and strengthens our commitment to provide high-quality solutions for millions of small and medium-sized businesses in India. We are grateful to our investors — First Check Ventures and Y Combinator for instating their faith in us.”
“Going forward, more and more SMEs of our country will continue to show an increased inclination towards digitization and tech adoption in the years to come, and while leveraging on this trend, we at GimBooks remain committed to continuing serving the SME ecosystem,” added Yash Raj Agarwal, founder, and chief executive officer of GimBooks.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.