Tuesday, December 06, 2022
Outlook India
Outlook Business

Startup Funding

The content and marketing technology start-up plans to utilise the funds for global expansion, along with strengthening its product and technology

Last year, the start-up had raised $3 million from Stellaris Venture, Chiratae Ventures, and other angel investors including Mamaearth's founder, Varun Alagh and Delhivery founder Sahil Barua.

The fresh capital will be utilised to strengthen its product, scale up the team across business segments as well as to build a robust go-to-market motion in the drone-based mapping and surveying use cases

The funds raised will be used for marketing and user acquisition, deepening the tech infrastructure and expanding the tech and business teams

The funding round also saw participation from ICICI Venture, Bessemer Venture Partners and existing investor Blume Ventures

The fund has been backed by ultra-high-net-worth individuals (UHNIs), family offices, entrepreneurs, and corporates across India, Singapore, Oman, Japan, the US, and others

WFC has joined hands with several strategic angels to help the start-up rise to market challenges while gaining a competitive advantage over competitors

The company is focusing on enhancing mobility awareness through adherence in the physiotherapy and preventative fitness sector

This is the first round of funding for the company which ensures part ownership in holiday homes

This is the second funding round for the company in the past year