Launched in mid 2021, Tyke leverages software to enable startups to transact and complete their fundraise digitally and instantly.
“Our vision is to make private investing instant and accessible. We plan to use the funding to build distinguished products for companies to digitise and democratise their fundraise,” Karan Mehra, cofounder and CEO of Tyke, said.
Tyke makes raising capital friction-free and straightforward/removes all friction points present in raising capital. The company is focused on automating private equity investment deals today. Its service enables founders to create a round, set terms and invite investors to participate. It then helps handle the requisite documents, signatures and powers the fund transfer instantly using its proprietary software.
“The adoption of technology has increased manifolds in the post-pandemic era across sectors, and at an accelerated rate in the financial services landscape. We are very bullish on the fintech sector’s growth potential in India and even more positive on startups within the sector that are creating disruption. Tyke has created a value proposition that would simplify fundraising and make it seamless, and we envisage this as a blue-ocean opportunity in fundraising,” said Apoorva Ranjan Sharma, founder, Venture Catalysts Group.
Tyke recently launched Tyke Analytics – an analytics tool that automates investor reporting by giving them key insights on the performance of their investment. Tyke aims to widen its offerings into different asset classes dealing with fixed incomes and debt.
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