Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

6 Indian entrepreneurs with successful second innings


Vineet Singh is the Founder of Castler, a pioneer in the field of Digital Identifier Banking in India. The company’s endeavour is to build a transaction banking-focused escrow banking solution for enterprises for both domestic and cross-border transactions. It also wants to democratise the escrow product for mass adoption amongst consumers and MSMEs to eliminate fraud. Castler offers a unique Escrow Management TSP solution for enterprises and banks.

Operational since April 2021, Castler is the trusted escrow solution provider for over 150+ enterprises and manages over Rs 1000+ crores(USD 130 Mn) in transactions every month. Castler recently raised USD 1 million in its seed funding round led by Zerodha’s VC arm Rainmatter.

With over 25+ years of experience in the Indian startup industry, Vineet has held leadership positions in Naukri, 99acres and MobiKwik. He has also worked with companies like Shuttl, OLX, MobiKwik & others.

Vineet’s first stint with entrepreneurship was in 2015 when he founded, a marketplace for building materials & finishing products.