Bengaluru-based consumer (B2C) fintech and monetary administrations organization Onecode has raised $13 million (Rs 100 crore) in its Series A financing round led by funding firm, General Catalyst . Returning financial backers Sequoia Capital India’s Surge, Nexus Venture Partners, and Waterbridge Ventures likewise partook in the round. Private backers in the organization including fellow benefactors of Meesho – Vidit Aatrey and Sanjeev Barnwal, Madhusudhan of M2P, Vikas Choudhary – President at Reliance Jio, DSP Family Office, and Reddy Futures Fund likewise partook in the round.
OneCode will contribute the money to recruit talents across capacities and speed up product and innovation improvement. The organization will likewise extend its presence to 100 extra urban areas and will put resources into developing its representative organization.
Established in 2019 by previous DineOut leaders, Manish Shara and Yash Desai, OneCode proposes its organization of specialists to prescribe monetary items to its clients in Tier-II, III and IV urban communities. The startup chips away at a commission-based circulation model, suggesting items in excess of 10 classes including charge cards, credits, pocket protection, financial balances, and others.
