Sunday, October 01, 2023
Outlook India
Outlook Business

Sig Venture Capital

The start-up extended its operations in multiple countries like Vietnam, the Philippines, Indonesia and the US by setting up subsidiaries

The fresh capital will be used to ramp up product innovation, enhance the technology stack and scale user acquisition efforts

The funds will be used to accelerate growth and increase product advantage

Entropik will utilise the newly-generated fund to diversify its product portfolio

The round was led by SIG Venture Capital, Tanglin Venture Partners, India Quotient and businessperson Ananya Goenka

The company plans to utilize the capital to scale up hiring across senior managers in technology, product, marketing, business, category management, and HR functions. And it plans to double the headcount in the coming 6-12 months, GroMo said in a statement