Cardback, creator of an Android app that provides notifications to users about offers on their credit and debit cards on mobiles, has raised INR 1 crore ($170,000) via LetsVenture, an online platform that connects startups with angels. Rajan Anandan, Sunil Kalra, Rishi Shrivastava have led the round along with Alok Mittal (of Canaan Partners), Naval Bir Kumar (VP of IDFC), Soumitra Sharma (ex-IDG Ventures), and Nitin Aggarwal (Founder of Yebhi.com).
Following the round, Rishi Shrivastava joined the company’s board. The startup will use the fund for product enhancement, user traction, expansion to more cities and geographies.
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