Junio, a digital pocket money platform focused on kids, has announced that it has raised an additional Rs 5 crore in funding from HNI investors, Venture Catalysts and Rajiv Dadlani Group led Family Offices.
Founded in September 2020, Junio will use the funds raised to strengthen its team, grow its product and also to roll out customer acquisition initiatives.
Ankit Gera, Co-founder, said, “We are thrilled with the early traction we are seeing in Junio. Over the next few months, we will roll out more interesting product features, and have a full-fledged marketing launch.”
“There is a huge, inherent and unmet need, for Junio’s products amongst teenagers and the parent-children community. Given their vision and strong execution, also the digital pocket money/virtual card segment, being at a nascent stage in India, with huge growth potential,” added Rajiv Dadlani.
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.