Cashback and coupons firm CashKaro raises Rs 130 crore in funding

CashKaro, the coupons and cashback platform, has raised Rs 130 crore in a Series C funding round led by Affle Global Pte. Ltd (AGPL).

The funding will be used for the expansion of CashKaro and EarnKaro, new technology and product development.

Including this round, CashKaro has so far raised over Rs 255 crore from Kalaari Capital, Ratan Tata, chairman emeritus of Tata Sons, Korea Investment Partners and others.

“We are excited to welcome AGPL as our shareholder. This investment would strategically strengthen our unique Business-to-Consumer (B2C) engagement model as we scale CashKaro from our current 20 million user base to 100 million+ over the next few years.