Akudo, a learning-focused neobank for teenagers in India, announced that it has raised $4.2 million in its seed round led by Y Combinator, JAFCO Asia, Incubate Fund India, and AET Fund. The round also saw participation from Tribe Capital, Cabra Capital, and marquee angels like Lalit Keshre (Co-founder Groww), Rohit Taneja (Co-Founder Decentro), Anup Singh (Ex Axis Bank, ICICI Bank), Romeen Sheth (Metasys), Sriram Krishnan (Ex Spotify, Tinder), Mohit Daga and more.
The young startup aims to utilise the funds to expand its team and further refine its product offering to reach millions of financially under-prepared and under-served teenagers in India.
