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No-code app builder Tablesprint raises $1 million in angel funding

Economic TimesEconomic Times · 11m ago
No-code app builder Tablesprint raises $1 million in angel funding
Medial

AI-powered app builder Tablesprint has secured $1 million in funding from angel investors including Ola co-founder Ankit Bhati and Reflexical founder Ajeet Khurana. The Bengaluru-based startup helps businesses create no-code apps for various functions including HR, operations, and sales. The funds will be used to enhance and expand Tablesprint's offering, grow its team, and accelerate product development. Clients include Flipkart and wealth management companies like Elever, while the firm is also piloting projects with manufacturing, distribution, and investment management firms. Tablesprint intends to recruit influencers, creators, and partners to enhance user experience and expand its presence in the no-code app development market.

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Exclusive: Salesforce Venture to lead $15 Mn in app builder Rocket.new

EntrackrEntrackr · 20d ago
Exclusive: Salesforce Venture to lead $15 Mn in app builder Rocket.new
Medial

url: https://entrackr.com/exclusive/exclusive-salesforce-venture-to-lead-15-mn-in-app-builder-rocketnew-10068354 Content: Mobile app builder Rocket.new (formerly Dhiwise) is set to raise Rs 131.4 crore or $15 million in its extended Series A round led by Salesforce Ventures and existing investors Accel and Together Fund. This marks the first significant funding for the four-year-old company in three years since it raised $7 million in August 2022. According to its filing with the Registrar of Companies, Rocket.new’s board approved issuing 4,81,718 Series A1 CCPS at Rs 2,728 each to raise the specified amount. Salesforce Ventures will lead the round with an investment of Rs 74.46 crore ($8.46 million), with Accel and Together Fund also partaking in the funding. The company plans to utilize the proceeds for growth, expansion, and working capital needs. Entrackr estimates that the Surat-based company’s valuation will more than double to Rs 545 crore ($62 million) from its previous valuation of Rs 256 crore in its last funding round. Post allotment, Accel will become the largest external shareholder, holding an 18.87% stake, with Salesforce Ventures at 13.68% and Together Fund at 5.62%. Co-founders Vishal Virani and Rahul Shingala will maintain a collective 36% stake in the company. Founded in 2021 by Vishal Virani and Rahul Shingala, Rocket.new is an AI-powered no-code/low-code platform enabling users to build and launch apps, websites, and tools from simple prompts or designs. The company, according to startup data intelligence platform TheKredible, raised over $9.5 million previously from investors like Accel, India Quotient, Together Fund, and Dholakia Ventures. Rocket.new reported Rs 3.5 crore in revenue for FY24, with losses increasing by 46% to Rs 11 crore, as per its standalone financials filed with the RoC.

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