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Exly raises $6.2 million in latest funding round led by Chiratae Ventures

Economic TimesEconomic Times · 1y ago
Exly raises $6.2 million in latest funding round led by Chiratae Ventures
Medial

Business tools provider for creator economy, Exly, has raised $6.2 million in a funding round led by Chiratae Ventures. The company, formerly known as MyScoot, offers tools to help customers streamline operations and increase productivity. The funding will be used to enhance the product offerings and acquire new customers. Exly provides course builders, appointment schedulers, marketing suites, CRM, and lead capturing conversion tools to business coaches, fitness professionals, astrologers, dance choreographers, and digital marketers. The platform aims to simplify business management for creators and solo-entrepreneurs, allowing them to focus on adding value to their customers.

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Y Combinator-backed Exly raises $6.2 Mn led by Chiratae

EntrackrEntrackr · 1y ago
Y Combinator-backed Exly raises $6.2 Mn led by Chiratae
Medial

Business tools provider Exly (formerly MyScoot) has raised $6.2 million in a new round led by Chiratae Ventures. Existing backers Mayfield India and Venture Highway also participated in the round. The proceeds will primarily be used for enhancing its product offerings and customer acquisition. Founded in 2021 by Suyash Sinha, Sidharth Rawat, Akhil Tripathi and Swati Singh, Exly provides business tools to help customers streamline operations and enhance productivity. Its offerings include course builders, appointment scheduler, marketing suite, along with customer relationship management (CRM), and lead capturing conversion tools for creators and solo-entrepreneurs. Exly claims to have been used by over 10,000 customers to date. It targets business coaches, fitness professionals, astrologers, dance choreographers, and digital marketers as customers. The startup had earlier raised $1.8 million in seed funding round and was a part of the Y Combinator’s winter 2019 batch.

Fashion quick commerce startup ZILO raises $15.3 Mn in Series A round

EntrackrEntrackr · 2h ago
Fashion quick commerce startup ZILO raises $15.3 Mn in Series A round
Medial

Fashion quick commerce startup ZILO has raised $15.3 million (Rs 140 crore) in a Series A funding round led by Peak XV Partners, which invested $8 million. Existing investors InfoEdge Ventures and Chiratae Ventures participated with $2.5 million each. The round also saw participation from Alteria Capital and Stride Ventures, along with angel investors including Lalit Keshre of Groww, Kunal Shah of CRED, Sachin Oswal, Ayyappan R, Abhishek Bansal, Sreevathsa Prabhakar, and Preeta Sukhtankar. Earlier in June last year, ZILO had secured $4.5 million in seed funding led by Info Edge Ventures and Chiratae Ventures. The proceeds will be used to scale operations, invest in technology, expand to new markets, and strengthen its supply chain. It currently operates in Mumbai and plans to expand to additional cities over the next 12–14 months. Co-founded by former Flipkart and Myntra executives Padmakumar Pal and Bhavik Jhaveri, ZILO operates a fashion quick commerce platform offering apparel delivery within 60 minutes. The brand works with more than 200 brands and offers features such as home trials and instant returns. It follows a vertically integrated model combining dark stores and brand outlets to manage inventory and delivery timelines. Recently, Mumbai-based quick commerce fashion platform KNOT raised $5 million in a new funding round led by 12 Flags. ZILO also competes with Slikk and Myntra, which has expanded its quick fashion delivery offering to additional cities.

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