Castler has raised $6 million in its Pre-Series A funding round, led by Capital 2B (an Info Edge Fund), IIFL Fintech Fund, and other investors, with Flipkart Ventures also participating. The funds will support Castler's expansion strategy for both domestic and cross-border escrow services. The company aims to partner with over 25 banks and accelerate its growth. Castler currently serves over 200 startups, 150 NBFCs, and LSPs and is introducing full-stack solutions for liquidation and RERA escrows in collaboration with banks, IRPs, and NBFCs. The participation of Flipkart Ventures underscores the company’s position as a leader in the Escrow Banking industry.

“Vineet Singh, Founder and CEO, Castler, expressed pride in having Flipkart Ventures onboard, emphasizing the milestone as a validation of Castler's leadership in escrow banking and readiness to scale operations further.”