Karbon Card raises USD 2 mn from angel investors

Karbon Card, which is into gift cards for startups, has raised USD 2 million in seed funding from angel investors from India and China, including Kunal Shah of Cred, Amrish Rau ex-PayU and Jitendra Gupta of Jupiter among others.

The Bengaluru-based company plans to use the funds for product development, operations and market expansion.

Aimed at providing a financial platform for entrepreneurs, the start-up offers corporate cards packed with tools and rewards for new age startups. The interest-free corporate credit card includes rewards specific to startups and expense management software among others.

The Karbon Card features include reward programme, expense management software, auxiliary features and travel concierge.