Castler

Castler, based in New Delhi, India, serves as the largest escrow services platform in the country, offering a wide range of products that facilitate secure monetary transactions across various industries. Founded in 2020 by Dinesh Kumar, Priyanshu Raajput, Ritesh Tiwari, and Vineet Singh, Castler focuses on providing escrow services. The company is headquartered in New Delhi, India. Since inception, Castler has engaged in three deals, with their most recent funding round occurring on June 6, 2023, where they raised INR 432.

98 million from investors including 360 ONE and Capital 2B. The total amount raised by Castler to date is INR 5. 50 million, and their current company valuation stands at INR 1,733. 71 million.

Castler operates as India's largest escrow services platform, providing a comprehensive suite of products designed to streamline and secure monetary transactions across various industries. Their offerings include software escrow, real estate escrow, investment escrow, and fintech escrow. By leveraging technology, Castler automates the escrow process, facilitating customizable workflow management and seamless integration through APIs. The platform caters to over 600 enterprise clients and various banking partners, including ICICI Bank and DBS Bank, serving end users such as banks, non-banking financial companies, property managers, and businesses engaged in marketplace lending, digital lending, and M&A transactions.

In the most recent fiscal year, 2023, Castler reported a revenue of INR 120,113. 80, with an EBITDA of INR -322,287. 60. The company's revenue generation model is primarily transaction-based, focusing on fees for its escrow services, ensuring security and compliance in financial transactions.

In June 2023, Castler raised INR 432. 98 million in venture funding, aimed at expanding its geographical footprint and banking partnerships. The company plans to design and launch new products, enhancing its offerings to better meet market demands. Specific target markets for expansion have not been detailed; however, the capital raised is intended to support these initiatives and facilitate further growth within the escrow services sector.