Coupon site CashKaro gets additional funding from Ratan Tata, apart from earlier commitment of 25 crore from kalaari capital.
This year Ratan Tata has already invested in dogspot and tracxn, Making Cashkaro as 3rd investment.
Earlier this week Indian CEO team published list of startups to watch out in 2016 in which cashkaro happens to be one of them.
Though online coupon business in a tough market, some players have sustained and they remain as leaders. Mysmartsprice is one more player in this segment which is going very strong.
CashKaro aims to use the funds to increase the reach as well as build technology for better price comparison engine.
Though the food technology startups have been in troubled times for the last one year and few have shutdown, 35M USD investment in swiggy by RB Investments, Harmony Partners and existing investors re iterates the confidence of investors in food startups.
Earlier this year swiggy happened to be the one of the 10 startups to watch out from bangalore
Though this can give some comfort to the entrepreneurs, unless sustainable models are built the ecosystem will suffer with multiple shutdowns in this segment. Sustaining these capital intensive models needs deep pockets.