Lucknow-based Knocksense operates on a subscription-driven commerce model, coupling carefully curated content feeds with exclusive privileges at local establishments.
The funds raised will be used to enhance and expand Niro’s product offerings to consumers of leading internet platforms, as well as new customer segments
Having raised $2 million in pre-Series A funding led by White Whale Ventures and Rainmatter, the three-year-old indigenous brand, which specialises in low-calorie ice creams, aims to turn profitable this year
The fresh funds will be utilised to strengthen research and development and enterprise sales as well as to further enhance its presence in international markets
The company will utilise the proceeds of this investment round to develop products and technology. Additionally,it will hire experienced traders as strategists
According to Tracxn’s ‘Q3’22 India Quarterly Start-Up Report’ late-stage funding was impacted the most, with an 88 per cent decline from Q3 2021 and a 64 per cent drop from Q2 2022
