Nected Bags $ 1.5 Mn Seed Funding

Nected Bags Seed Funding To Help Businesses Streamline Backend Driven Tech Processes

SUMMARY

Nected has raised $1.5 Mn in a seed funding round led by Binny Bansal's Three State Ventures, with participation from five other investors.

The startup will use the funds to enhance product usability, simplify tech integration, scale operations, and integrate AI-powered features into its existing building blocks.

Founded in 2022, Nected offers pre-built tech components to help businesses overcome inefficiencies in traditional software development and is currently used by over 20 customers across five countries.

Low code and no code platform Nected has secured $1.5 Mn (INR 12.4 Cr) in a seed funding round led by Binny Bansal’s fund Three State Ventures.

The round also saw participation from Endurance Capital, Relentless VC, Climber Capital, Lykke Capital and Forward Slash Capital.

The startup plans to deploy the fresh proceeds to boost product usability, simplify integration with various technologies and scale operations to meet growing international demand.

It also aims to invest in research and development to integrate AI-powered features into its existing building blocks.

Founded in 2022 by Prabhat Gupta and Mukul Bhati, Nected offers pre-built tech components such as rule engines, workflow automation and A/B testing tools.

The platform aims to help businesses overcome inefficiencies and delays associated with traditional software development.

Bhati said, “We envision a future where technology is a catalyst for growth and innovation, not a bottleneck and for this Nected.ai is dedicated to creating a seamless development experience.”

The platform claims that currently it is being used by over 20 customers across five countries, including Tata 1mg.

In India, the low-code/no-code market is currently valued at approximately $400 Mn and is expected to grow to $4 Bn by 2025. Nected competes with global players such as Instapage, Unbounce, and Leadpages in the larger AI-powered martech space.

Other notable players in the Indian low-code/no-code space include Zvolv who recently raised $2 Mn in a round led by Silverneedle Ventures, to offer no-code automation solutions to enterprises.