Former Swiggy, Zomato execs' AI startup Profound bags seed funding
The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
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The funding round was raised from VC firms Stellaris Venture Partners and 3one4 Capital, and a group of prominent angel investors including Swiggy CEO Sriharsha Majety.
The startup will use the fresh capital to expand its AI platform, grow its network of partner accounting firms in North America, and scale its go-to-market efforts.
The funding round also saw participation from angel investors including founders and executives at fintech firms.
The funding round saw participation from Nexus Venture Partners, Stellaris Venture Partners, and Omidyar Network.
The Bengaluru-based company will use the capital to double its branch network from 30 to 60 branches in the next 12 months.