The funds raised will be utilized to build a strong engineering team, develop their product offering and create early customer traction, it added
Bengaluru-based tech startup Wasabi (Truegrit Technologies) on Thursday said it has raised USD 1.8 million (about Rs 13.3 crore) in funding led by Ankur Capital. The seed funding round also saw participation from Binny Bansal backed 021 Capital, Sparrow Capital and notable angels like Ankit Bhati (Ola), Mekin Maheshwari (Udhyam Learning), Lalit Keshre (Groww), Revant Bhate (Mosaic Wellness), Abhishek Goyal (Tracxn) and Ashish Goel (Urban Ladder) among others, a statement said.
The funds raised will be utilized to build a strong engineering team, develop their product offering and create early customer traction, it added. Founded in January 2021 by Pradeep Dodle and Nikhil Goenka, Wasabi is building easy-to-use communication and growth platform for small and medium businesses in India to help them manage customer relationships better and grow their business.
“With an increasing number of customers going digital and intense competition from large e-commerce platforms, many small businesses are facing an existential threat. We believe that they can thrive only by going digital while continuing to build closer relationships with their customers and providing them with personalized service,’ Pradeep Dodle, co-founder of Wasabi, said.
Source: Business World