Global institutional investors including BEENEXT, Sparrow Capital, All In Capital, DeVC, and Huddle Ventures contributed $2 million to the pre-seed round of funding for fintech startup ProsParity.
This round also included participation from angel investors such as Dr. Ashish Gupta (co-founder of Junglee and Helion Ventures), Raj Dugar (previously of Eight Roads Ventures), Dhyanesh Shah (co-founder of Mosaic Wellness), Abhishek Goyal (co-founder of Tracxn), and Nitin Kaushal (co-founder of Country Delight).
The funds will go toward developing technology, proving concepts, and growing origination networks—with a focus on central India first. A broad network of partnerships between fleet managers, dealerships, lenders, and original equipment manufacturers (OEMs) is also being established by ProsParity.
ProsParity is an end-to-end financing platform for electric mobility, founded by Saurabh Khodke and Anirudh Dhakar. Lenders prioritize compliance, scalability, and agility, while EV dealers and OEMs find it easier to establish financing relationships so that they can provide financing for their end users.
In order to enable lenders to direct their capital into the developing EV financing asset class, the company seeks to aggregate the financing demand on a single platform through the use of its proprietary platform and origination methodology.
