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Times Internet spin-out Abound raises $14M to let more Indian Americans send money home
Abound, a remittance app that was spun off by Times Internet in 2023, has secured $14 million in its first external funding round. The startup aims to expand its offerings and reach more Indian expats in the United States.
Remittances flows to India have seen significant growth as the Indian diaspora expands globally. In 2024, the country recorded a staggering $129.1 billion in remittances, accounting for 14.3% of the global market, according to a World Bank report.
Source: https://techcrunch.com/2025/03/27/times-internet-spin-out-abound-raises-14m-to-let-more-indian-americans-send-money-home/
