Bengaluru-based PensionBox, has raised $160,000 from Kishore Ganji, Keynote India, Aprameya Radhakrishna, SAT Industry, and others.

Founded in 2021 Kuldeep Parashar and Shivam Parashar, the company has developed a digital pension app that digitizes pensions and empowers users to secure their retirement with the right pension. The users can also create their personalized digital pension plans within minutes to track pension savings, contribute and withdraw pension online.

With the fresh funding, PensionBox plans to hire more talent and strengthen its product in the coming months.

“PensionBox addresses a very important need for billions of Indians who do not have access to the right resources to make an informed choice and then continue to track their funds easily. At 100X.VC, it is truly heartening to see young India developing solutions for legacy systems and better serve the Indian workforce”, said Ninad Karpe, Partner, 100X.VC.

100X.VC is India’s first venture fund to invest in early-stage start-ups using India Simple Agreement For Future Equity ((iSAFE) Notes.