Kotak Mahindra Bank’s subsidiary company -- Kotak Securities has invested Rs 5 crore in Bengaluru-based fintech Banksathi by leading its pre-series-A round funding. The funding round also saw Letsventure, Wefoundercircle, Hem Securities and Inflexion Point Ventures collectively pumping in $4 million into the startup backed by Cred.
Ealier, Kotak Securities had made four strategic investments and two acquisitions in the startup space. While it has invested in Stockedge, eLearn Markets, Flipit Money and Multiple, its recent two acquisitions are Tradegyaani and Fundexpert. Through its startup investment and partnership team, Kotak Securities has also partnered with over 30 fintechs so far across various segments in capital markets.
Kotak Mahindra Bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of personal finance, investment banking, life insurance, and wealth management.
