Other participation in the funding round came from Sandeep Tandon, Freshdesk founder Girish Mathrubootham and ex-Snapdeal CPO Anand Chandrasekaran in their personal capacity. The company will use the funding for scaling its business. Crownit lets users discover outlets which offer cashback schemes while shopping on its platform.
Co-founder Kunal Shah has been made Chairman of the company. Snapdeal had acquired Freecharge in 2015, in a $450 Mn deal. The company offers mobile recharge, bill payments, and a digital wallet.