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100X.VC Team
Written by various collaborators within Team 100X.VC
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Jun 16, 2022
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  • The funding round for $160,000 was led by Kishore Ganji, Keynote India, Aprameya Radhakrishna, SAT Industry and others

Mumbai, May 20, 2022

PensionBox, a digital pension app, has raised $160,000 from Kishore Ganji, Keynote India, Aprameya Radhakrishna, SAT Industry and others. The Bengaluru-based startup will use the funds to hire a strong team and build its product faster in coming months to lead the way in the pension sector in India.

Founded in 2021 by two brothers, Kuldeep Parashar and Shivam Parashar, PensionBox was born when Kuldeep and Shivam started planning for their parent’s retirement during the pandemic. They observed that there is a gap in the Indian market where it is difficult to track one’s pension. As they looked deeper, they realized that they were not alone in this; millions of Indians don’t have a retirement or  pension plan in place.

“PensionBox addresses a very important need for billions of Indians who do not have access to the  right resources to make an informed choice and then continue to track their funds easily. At 100X.VC,  it is truly heartening to see young India developing solutions for legacy systems and better serve the  Indian workforce”, addedNinad Karpe, Partner, 100X.VC.

The FinTech startup had raised a cheque from 100X.VC as part of the Fund’s Class 06 Portfolio.


 

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