A firm that focuses on MSME, Haqdarshak Empowerment Solutions Pvt Ltd (HESPL), has completed its pre-Series A1 financing round with contributions from the Financial Health Innovation Fund and Innovating Justice Fund, both of which are administered by Village Capital. The company hid the terms of the financial transaction, but two persons with knowledge of the matter told VCCircle that the amount was anticipated to be between $1.8 and $1.9 million.
Other investors who took part in the round were Abhishek Rungta (INT), Deep Bajaj (Sirona Hygiene), Bhavin Pandya (Games 24X7), M/S Morpheus Ananta, and Bindu Subramaniam (SaPa), among others. The Benagluru-based company plans to use the funds to increase its staff and upgrade its technological infrastructure.
Haqdarshak, created by Aniket Doegar, aims to bridge the information and access gap between citizens and social protection organisations (both public and private) by utilising technology and its field agent network.
"The investment funds will help us build tech infrastructure for the Yojana Card platform with government integrations, software and hardware to scale, and marketing expenses towards user acquisition," stated Doegar, founder and CEO, Haqdarshak.
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