Haqdarshak Empowerment Solutions Pvt. Ltd, which operates a startup focussed on the delivery of government financial schemes and citizens, announced that it has raised pre-Series A funding from Impact investor Acumen Fund, according to a VCCircle report.
Impact investor Acumen Fund led the funding round, the Pune-based Haqdarshak said in a statement.
Other investors that took part in the funding round include Upaya Ventures, former HDFC executive Shalini Chhabra, former Infosys and Capgemini executive Manish Subramaniam, as well as existing angel investors in the company.
Founded in 2016 by Aniket Doegar, Asha Krishnan and PR Ganapathy, Haqdarshak is a technology-enabled platform working to transform how Indian citizens learn about, apply for, and benefit from, government schemes.
The company will use the fund infusion to enhance its technological infrastructure at both the business-to-business and business-to-customer levels. It will also use the funding to hire people for its execution and technology teams, as well as strengthen its evaluation and monitoring processes.
Haqdarshak says it is aiming to scale to a million applications with more than 10,000 agents within the next couple of years.
“We are excited that Haqdarshak with its technology platform and outreach is trying to bridge the gap between the intended benefits in the schemes and actual delivery to the poor. We feel these platforms are need of the hour to ensure people do not slip back into poverty,” Acumen India country director Mahesh Yagnaraman said.
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