🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Marketing SaaS startup SingleInterface raises $30 Mn led by Asia Partners

EntrackrEntrackr · 1y ago
Marketing SaaS startup SingleInterface raises $30 Mn led by Asia Partners
Medial

SingleInterface, a hyperlocal marketing-to-commerce software platform, has raised $30 million in its first-ever external fundraising round. Asia Partners, a Singapore-headquartered growth equity investment firm, led the round with participation from PayPal Ventures. SingleInterface said that it will use the capital to consolidate its leadership position in its category in Asia, extend its reach worldwide, and to continue deepening its portfolio of hyperlocal marketing, engagement, and commerce products. Founded by serial entrepreneurs Tarun Sobhani and Harish Bahl, SingleInterface is a SaaS platform with an integrated product suite powering digital marketing, customer engagement, and e-commerce for multi-location enterprise brands. The Gurugram-based company amplifies brands’ visibility to consumers during crucial buying moments and it enhances discovery, drives customer engagement, manages feedback, and delivers omnichannel experiences. With over 400 multi-location brands spanning industries such as food and beverage, retail, automotive, telecommunications, banking, and education, SingleInterface currently serves customers across Asia & Middle East. Chief executive Sobhani added that the company’s suite of products has proven to deliver remarkable revenue growth for its clients, accounting in some cases for 15-20% of their revenues. According to him, the firm will further invest in building its portfolio of AI-driven marketing and commerce enabling products. The decade-old company claims that it has more than 400 million local businesses worldwide. SingleInterface’s Indian entity recorded nearly 25% jump in its operating revenue to Rs 40.76 crore in FY23. The company maintained a nominal profit of Rs 98 lakh in FY23 against Rs 64 lakh in FY22.

Home decor and lifestyle brand Nestasia raises $8.35 Mn

EntrackrEntrackr · 10m ago
Home decor and lifestyle brand Nestasia raises $8.35 Mn
Medial

Nestasia, a home decor and lifestyle brand, has raised $8.35 million in a fresh funding round from Susquehanna Asia VC, Stellaris Venture Partners, and notable angel investors. The proceeds will be used to scale the company’s efforts in offline store expansion, new category launches, brand building, and hiring. Founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia offers a curated selection of home decor and lifestyle products across six key categories. Nestasia plans to expand its product range within kitchenware, drinkware, cookware, and appliances and introduce new themed categories such as Nest Baby & Kids (home products for children), and more. Over the past year, Nestasia claims to have expanded its offline presence across six cities, with seven exclusive brand outlets. The firm plans to deepen its presence across these cities and expand to new ones by opening 30 stores by the end of 2025.

Fraud prevention platform Bureau raises $30 Mn in Series B round

EntrackrEntrackr · 7m ago
Fraud prevention platform Bureau raises $30 Mn in Series B round
Medial

Risk intelligence platform Bureau has raised $30 million in Series B funding, led by Sorenson Capital. The round also witnessed participation from PayPal Ventures, along with existing investors including Commerce Ventures, GMO Venture Partners, Village Global, Quona Capital, and XYZ Ventures. The company had previously raised $20.7 million from its existing investors. The proceeds will be utilized to enhance its product portfolio, bolster talent acquisition, scale its go-to-market team, and expand its geographical reach to empower global financial ecosystems, Bureau said in a press release. Founded in 2020 by Ranjan R Reddy, Bureau is an AI-powered platform that delivers real-time, contextual fraud prevention across the entire customer lifecycle, going far beyond traditional rule-based systems. Its proprietary identity knowledge graph, with over half a billion identities and behavioral data, provides actionable risk intelligence and insights, serving global enterprises across banking, fintech, gaming, e-commerce, and consumer internet platforms. According to the Bengaluru-based company, its comprehensive solution suite includes advanced capabilities in money mule detection, account takeover, fraud ring detection, onboarding compliance, and decisioning workflows. Market research indicates that global fraud losses have surged past $5 trillion annually, a 56% increase in the past decade. The fraud prevention industry is projected to grow from $44 billion to $255 billion by 2032. Bureau enables organizations to navigate complex compliance requirements while providing a seamless experience for legitimate customers. It prevents fraud while safeguarding customer retention, revenue, and growth. It competes with IDfy, SpringVerify, AuthBridge, Digio and Perfios-owned Karza.

Download the medial app to read full posts, comements and news.