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

Streamlining the Flow of Funds Contract Manufacturing

Secure and Efficient Solution for Contract Manufacturing

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India’s largest Digital Escrow Platform

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Workflow of Funds in Castler Digital Escrow

01

Buyer approaches the manufacturer for the product

02

Manufacturer agrees to produce product

03

Buyer and manufacturer negotiate terms and conditions

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Buyer provides funds to Castler's escrow account

05

Manufacturer produces and ships product

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Castler releases funds to manufacturer upon successful delivery

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Castler Solution

Castler's advanced technology ensures payment security and transparency for the both the parties as Buyer(s) deposits funds into a secure Castler digital escrow account

Castler ensures secure and automated supply chain management

Customizable terms and conditions to suit buyer and manufacturer

Full transparency and real-time tracking of manufacturing and shipping

Simplified payment and delivery management

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The Role of Escrow in Contract Manufacturing: Protecting Both Parties with Castler's Digital Escrow System

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Benefits for both parties

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FAQ's

What are the different types of release triggers?

There are many different types of release triggers that can be used in escrow agreements. Some common release triggers include:

Payment: The assets can be released from escrow once the customer has paid the manufacturer.
Completion of production: The assets can be released from escrow once the manufacturer has completed production of the products.
Acceptance of the products: The assets can be released from escrow once the customer has accepted the products.
Termination of the contract: The assets can be released from escrow if the contract is terminated.

How do I choose an escrow agent?

When choosing an escrow agent, it is important to consider the following factors:

Experience: The escrow agent should have experience in contract manufacturing escrow.
Reputation: The escrow agent should have a good reputation.
Cost: The escrow agent should be affordable.
Services: The escrow agent should offer the services you need.

What are the different types of escrow agents?

There are two main types of escrow agents:

Banks: Banks often offer escrow services as part of their financial services offerings.
Escrow companies: Escrow companies specialize in providing escrow services.

What are the steps involved in setting up escrow in contract manufacturing?

The steps involved in setting up escrow in contract manufacturing vary depending on the type of escrow being used. However, the general steps include:

Choosing an escrow agent.
Negotiating the terms of the escrow agreement.
Depositing the assets into escrow.
Appointing a release trigger.
Releasing the assets from escrow.

What are the different types of escrow in contract manufacturing?

There are two main types of escrow in contract manufacturing:

Technical escrow: Technical escrow is used to protect IP and other technical assets, such as manufacturing know-how.
Financial escrow: Financial escrow is used to protect payments and other financial assets.

What are the risks of using escrow in contract manufacturing?

There are a few risks associated with using escrow in contract manufacturing, including:

Cost: Escrow can be expensive, especially for complex or high-value transactions.
Time: Escrow can add time to the contract manufacturing process.
Complexity: Escrow can be complex, and it is important to carefully understand the terms of the escrow agreement before entering into it.

What are the benefits of using escrow in contract manufacturing?

There are many benefits to using escrow in contract manufacturing, including:

Protection of IP: Escrow can help to protect IP by ensuring that it is not misused by the manufacturer. This can be especially important for companies with valuable IP, such as pharmaceutical companies or technology companies.
Reduced risk: Escrow can help to reduce risk for both the manufacturer and the customer. For the manufacturer, escrow can help to protect against the risk of the customer not paying for the products. For the customer, escrow can help to protect against the risk of the manufacturer not delivering the products or not meeting the agreed-upon quality standards.
Increased efficiency: Escrow can help to increase efficiency by streamlining the contract manufacturing process. This can be helpful for companies that need to produce products quickly or in large volumes.

What is escrow in contract manufacturing?

Escrow in contract manufacturing is a process where a third-party holds intellectual property (IP) and other critical manufacturing assets in trust until certain conditions are met. This can help to protect both the manufacturer and the customer by ensuring that the IP is not misused and that the customer has access to the assets they need to produce their products.

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Testimonials

I am thrilled to write a testimonial for Castler, a company that has truly transformed the way we handle digital payments and escrow agreements. Thanks to Castler, making digital payments has become incredibly easy and convenient for us. Their platform is intuitive, user-friendly, and secure, making it an ideal choice for anyone looking for a hassle-free payment experience. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

 

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Prashanth

Finance manager

And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective.

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Dipen Patel

CTO

Castler’s team of skilled professionals quickly understands the latest digital strategies, enabling us with tailored solutions to our unique needs. Their team was always available to answer any questions or concerns. And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective.

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Pradeep

CEO & Co-Founder

The process of disbursal through Castler is quick, easy and reliable. The best thing about them is the their team, which is readily available to assist you and give solution to your queries or even helping with last minute disbursal requests. And I also liked the features like, (Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Rahul Singh

Finance Lead

Quick response time. And I also liked the features like, Multi-Bank Option, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Sanu Kumar

Program Manager

Keep up the good work and try to add more features related to operational convenience. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Standardized Pricing, Help you Save Time, Money & Effort .

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Nitish Kumar Gupta

Senior Director

Nidhi is a very professional but never forgets to.give some personal touch. She is prompt in her response and gives solution which is very helpful . And I also liked the features like, Unified Dashboard, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Amruta Shingwekar

Founder

Timely responses and quick solutions to any issues that arose during the course of our engagement have been truly remarkable. Appreciate Nidhi’s & Vineeta’s commitment to delivering high-quality service. And I also liked the features like, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Akshitha

Strategic Finance

Your executive really helped us with smooth and fast opening of escrow account when we were struggling with the banks for this service.. And I also liked the features like, Team Responsiveness, End-to-End Support, Help you Save Time, Money & Effort.

Preetesh Maloo

Co Founder

“I was thoroughly impressed with their services. The staff was professional, responsive, and knowledgeable, and they made the entire process incredibly smooth and hassle-free. One of the things I appreciated most about Castler was their attention to detail. They were incredibly thorough in reviewing all of the necessary documents and ensuring that everything was in order before moving forward with the transaction. This gave me a lot of peace of mind and helped to prevent any potential issues or complications. And I also liked the features like, 100% Security through Escrow Agreement, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Nimith Agrawal

Co-Founder & CEO

Throughout our experience with Castler, we have found their team to be incredibly responsive and supportive. They have been instrumental in resolving any issues that we have encountered in a timely manner, providing us with prompt responses that have helped us keep our operations running smoothly. We cannot overstate the value that Castler has added to our platform, and we are grateful to have their team as a partner in managing multiple accounts through their efficient tool. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Shubham

VP Strategy & Operations

Maybe add more banks to partner with. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

Ranjit Sundaram

Founder

Good work And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort.

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Santhosh C

Business Development Manager

Castler teams are well co-ordinated & have been standing on feet when support needed during our business peak. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .

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Vidhi Bhatt

Co-Founder & Director

Liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support .

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Varun Varada

Finance Manager

Representatives works with a problem solving attitude. And I also liked the features like, Multi-Bank Option, 100% Security through Escrow Agreement, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Gaurav Jhajharia

General Manager Business Finance

We are an NBFC, so making payouts used to be a huge challenge for us. However, ever since we started using Castler’s Escrow Services, all our payouts have been automated which saves us time and resources. Also, the team is extremely responsive and are available to solve issues raised almost immediately. And I also liked the features like, Unified Dashboard, Multi-Bank Option, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Standardized Pricing, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Anish Bhojani

COO

amazing tech and ux ui. And I also liked the features like, Unified Dashboard, 100% Security through Escrow Agreement, Efficient & Effective .

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Shreyaan Daga

Founder

Castler Product is unique and easy to use, it’s easy to customise as per any use case makes it different from other escrow service .And I also liked the features like,Unified Dashboard, 100% Security through Escrow Agreement, Modular Product, Fully Customizable, Any Industry Any Use-Case, Team Responsiveness, End-to-End Support, Efficient & Effective, Help you Save Time, Money & Effort .

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Yash Goyal

Head-Product and Marketing

I think the team behind this is phenomenal and excellent after services after onboarding as well. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Efficient & Effective .

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Gunjan Sangoi

Investment Manager

Making Escrows Easier !. And I also liked the features like, Unified Dashboard, Multi-Bank Option, Modular Product, Fully Customizable, Any Industry Any Use-Case, Efficient & Effective .

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Jyoti Rai

Lead Banking Ops