Gurugram and Bengaluru-put together fintech startup – Chqbook with respect to Friday reported that it has raised $1 million from InnoVen Capital.

As indicated by the press proclamation, the organization plans to utilize the assets raised to expand its advance book. Over the course of the following two years, Chqbook hopes to raise $30 million of obligation to scale its advance book, it expressed.

Established in 2017 by Vipul Sharma, Rajat Kumar, Sachin Arora, and Mohit Goel, Chqbook.com is a commercial center for entrepreneurs, offering them items around loaning, Visas, protection, records, and rewards.

Talking about the new turn of events, Vipul Sharma, Founder and CEO, Chqbook said,

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“We have seen that 50% of all solicitations on the Chqbook App are credit-related. Subsequently, it gets significant for us to zero in on that need immediately.

We have credit lines from a select rundown of NBFCs and banks that will help us in satisfying this need. We are glad to have InnoVen as our accomplice in this development, and we anticipate expanding our obligation lines with them throughout the next few years.”

“We are eager to cooperate with Chqbook as they keep on building a monetarily comprehensive eco-framework for entrepreneurs. What is interesting about Chqbook is its multi-item methodology that will go far in making clients tenacity on their foundation. Neobanks are extraordinarily situated to serve this enormous objective portion which creates it a fascinating open door for us.”

A portion of the other beginning phase financial backers of Chqbook incorporate Aavishkaar Capital, Harsha Bhogle, Bharat Shyam, Ken Glass, Rohit Chanana, Bhupesh Kumar, Amit Manocha, Amit Singal, Nilesh Shrivastava, and Sakshi Vij.

It is likewise the champ of numerous esteemed honors like the ‘Best Financial Inclusion’ at BW Festival of Fintech Awards 2021, Fintech Rocketship Award 2019 from the UK’s Department of International Trade, Tech30 at YourStory TechSparks 2019, and the 2018 SuperStartups Asia Awards.