The funding round also saw participation of Incubate Fund India, and AET Fund
Founded in August 2020, Akudo is a learning-focused neobank for teenagers to help them save money and rewards.
Currently, the startup has over 1 lakh registered customers, and claims to have delivered over 25,000 cards across more than 360 cities across India
Learning-focused neobank for teenagers Akudo has raised $4.2 Mn in its seed round led by Y Combinator, JAFCO Asia, Incubate Fund India, and AET Fund.
The other participants in the funding round were Tribe Capital, Cabra Capital, and marquee angels like Lalit Keshre (Co-founder Groww), Rohit Taneja (Co-Founder Decentro), Anup Singh (Ex Axis Bank, ICICI Bank), Romeen Sheth (Metasys), Sriram Krishnan (Ex Spotify, Tinder), Mohit Daga among others.