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KuhlTherm will use the fresh capital to accelerate product development, and strengthen its R&D and testing infrastructure, among others.
The round also saw participation from Razorpay Ventures, GrowthCap Ventures, and Atrium Ventures, along with angel investors including Kunal Shah (CRED), among others.
Groww’s Founder Fund, CRED’s founder Kunal Shah, White Venture Capital, and pre-existing investor Capital2B also participated in the investment round.
The fresh capital will be used for TransBnk's expansion into Middle East and Southeast Asia.
The round also saw participation from State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures.
