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Former Paytm executives roll out Junio, pocket money app for children

Startup raises Rs 10 cr from marquee angel investors, aims to have 5 million users in four years

In the first year, the startup targets to have a monthly active base of 200,000 Junio card users in India.
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In the first year, the startup targets to have a monthly active base of 200,000 Junio card users in India.

Samreen Ahmad Bengaluru
Junio, a digital pocket money app for children, has set shop in India after raising Rs 10 crore and aims to have 5 million users in at least four years.

The startup raised the money in an angel round that had Cred founder Kunal Shah, Bharat Pe CEO & cofounder Ashneer Grover, PolicyBazaar CEO Yashish Dahiya, InnoVen Capital MD & CEO Ashish Sharma, and Groww cofounder & CEO Lalit Keshre, among others.

Junio, which is founded by former Paytm executives Shankar Nath and Ankit Gera, is the first app that helps pre-teens and teens to take charge of their own

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