The funding will be used to accelerate product development and scale the platform to unlock value for more founders
Done Deal, a data-driven platform that aims to use technology to modernise mergers and acquisitions, is happy to announce the completion of its pre-seed investment round, which raised a total of $800,000. The BarberShop with Shantanu - Raisers Edge, WFC, Capital-A, Dezerv Innovation Fund, ICE.VC, and well-known angel investors were among the strategic early-stage venture capital companies that participated in the round, which was led by Gruhas, Nikhil Kamath, and Abhijeet Pai's VC.
To unlock value for additional founders, this financing will be utilised to scale the platform and expedite product development, said the company. The company has been enabling connections between fast-growing startups and strategic high-growth companies to help unlock growth and now aims to do this at scale by democratising this access to founders and investors in India and abroad, the statement issued by the company added.
The company started by Rohit (2x founder Glitch and Chtrbox), Aneesh (ex Kotak, KKR), and Ankur (ex DotPe and Cars24) earlier this year, facilitating start-ups to improve their chances of success by building an operating system of products and services that aid them in their journey from idea to exit.
Speaking about the funding, Abhijeet Pai, co-founder of Gruhas said, “Done Deal has presented itself in a climate where Indian start-ups have seen monumental volatility. We are thrilled to back a platform that is not just facilitating the buying and selling of start-up entities but is also fundamentally reshaping the investment landscape and is poised to fill a crucial gap in the start-up ecosystem. For Gruhas, Done Deal represents a transformative force in the world of start-ups.”
Rohit Raj, co-founder of Done deal in a statement said, “We are grateful to have such strategic investors believe in our vision and back us to help more start-ups achieve success.”