Ratan Tata Helped This Young Couple Build Rs 3020000000 Crore Company, Now Focusing On…
Swati and Rohan Bhargava, co-founders of CashKaro, have made a name for themselves in India’s startup scene with support from Ratan Tata. After launching CashKaro in India following a UK venture, the couple aims to expand into financial products and target significant growth in the coming years.
The Start of a Unique Journey
Swati and Rohan Bhargava, founders of CashKaro, began their journey as friends, later becoming a married couple and business partners. After their 2009 wedding, Swati booked their honeymoon through a cashback website, sparking the idea for their own platform.
Launching Their First Venture
In April 2011, the couple launched their first cashback site, Pouring Pounds, in the UK. The success of this venture encouraged them to return to India and adapt the model for the local market.
Birth of CashKaro in India
The couple relocated to Gurgaon, India, and introduced CashKaro, a cashback platform offering discounts and exclusive coupons. CashKaro quickly grew, becoming one of the leading platforms in the country.
Ratan Tata’s Support
Their startup gained major traction when they secured funding from high-profile investors like Ratan Tata and Kalaari Capital, fueling CashKaro’s growth and expansion.
Impressive Revenue Growth
As per ET's report, CashKaro achieved Rs 225 crore in revenue in 2022 and recently reported an operating revenue of Rs 302 crore for FY24, showing a solid 21.5 per cent growth over the previous year.
Expanding Horizons
With a user base of 25 million, CashKaro is now expanding its offerings to include financial services like insurance, loans, and mutual funds, aiming for over Rs 400 crore in revenue by FY25, as mentioned by the co-founder in a report by Inc42..
A Vision for the Future
As one of India’s largest cashback platforms, CashKaro continues to offer savings across 1,500 websites. The Bhargavas remain focused on future growth, further revolutionizing online shopping in India.
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