Basic Information
Founded in 2019 by Princeton University alumnus Prateek Swain, Swadesh allows Indian students and expats headed to the US to set up a secure banking infrastructure and initiate cross-border transfers and transactions ahead of time. Swadesh is building the world's first neobank for Indian expats. They're the first India investment for a set of marquee VC firms in the US, because they see how exciting this problem is! Every year, 30M Indian origin members send back $80B+ home to India (highest received by any country / year); and yet, today, they still have to go to an embassy to get their documents attested, picked up by courier, and shipped to across the world before being able to access their finances
Headquarters
:
New Delhi, Delhi, India
Business Model
:
Founding Date
:
2019
No. of Employees
:
<10
Core Team
:
1.
Prateek Swain
Founder
Funding
Total Funding
$2.3M
Investors
:
1.
Y Combinator
2.
Section 32
3.
8VC
4.
Khosla Ventures
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Round 1
$2.25M
Series Name
:
PRE-SEED
Date
:
13th Jul 2022
Investors
:
1.
Khosla Ventures
2.
8VC
3.
Y Combinator
4.
Section 32
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