Wasabi Raises $1.8 Mn Seed Fund To Help Small and Medium Businesses

Wasabi Raises $1.8 Mn Seed Fund To Build Communication And Growth Platform For MSMEs

SUMMARY

Wasabi, a Bengaluru-based tech startup, has raised $1.8 Mn in the seed round. It aims to help small, medium and home businesses to manage customer relations better and grow their businesses

The seed round was led by Ankur Capital and saw participation from angel investors Binny Bansal, Ankit Bhati, Ashish Goel, Lalit Keshre, Mekin Maheshwari, and Revant Bhate,

Wasabi aims to reimagine the HubSpot model for small businesses in India and ease their conversion of conversation to sales

Wasabi (Truegrit Technologies), a Bengaluru-based tech startup, has raised $1.8 Mn in a seed round led by Ankur Capital. The funds raised will be utilised to build a strong engineering team, develop the startups’ product offering and create early customer traction. “With an increasing number of customers going digital and intense competition from large ecommerce 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 personalised service,” said Pradeep Dodle, cofounder, Wasabi.

The round also saw participation from Binny Bansal backed 021 Capital and Sparrow Capital. Other notable angel investors like Ankit Bhati (Ola), Mekin Maheshwari (Udhyam Learning), Lalit Keshre (Groww), Revant Bhate (Mosaic Wellness), Abhishek Goyal (Tracxn), and Ashish Goel (Urban Ladder) also partook in this round of funding.