Monday, September 25, 2023
Outlook India
Outlook Business

Pre Series A

The funding will enable Louis Stitch to achieve Rs 100 crore gross turnover by the end of FY24

Multiple angel investors also participated in the round

Mitra has achieved a growth rate of 3200 per cent in four months

The company plans to use the funds to broaden its management team, increase its global presence by localising content, and invest in its technology

With the newly raised capital, Balwaan intends to develop new products and establish a pan-India distribution network for its existing products

The company has said to utilise the funds to increase fleet size, expand to new geographies and enhance technology

Started in 2020 by founders Eela Dubey and Arindam Sengupta, the company offers a full-stack solution dedicated to helping Indian parents to plan, save and invest in their children's future education

Founded in July 2019, Louis Stich claims to have a pan-India presence through its website and e-commerce platforms like Myntra, Amazon, Flipkart, and Nykaa

The funds will be used to fuel SimpliContract's growth and expansion in the US and European markets, focusing on sales and marketing efforts, as the platform aims to streamline contract processes and enable real-time collaboration for enterprise customers

The funds raised by ixamBee from Inflection Point Ventures will be utilised in marketing, content development and technology