SaaS Startup Dockabl Raises $1.26 Mn In Pre-Series A Funding Round

SaaS Startup Dockabl Raises $1.26 Mn In Pre-Series A Funding Round

SUMMARY

Dockabl offers employee experience platform to enhance productivity

The funds will be utilised for further augmenting its product and technology

It is also planning to expand its services in global markets including North America and South East Asia

New Delhi-based SaaS startup Dockabl has raised $1.26 Mn in a Pre-Series A funding round led by a pool of marquee investors including Aditya Berlia (Apeejay Group of Companies), Ritesh Malik (Guerrilla Ventures), Sanjay Kapoor, Angad Singh Malhotra and Arun Kapur.

Other investors such as  Rajat Gupta, Ganesh Mohan, Anita Belani, Dipak Roy, Aparna Ballakur, Dhanesh Shetty, Shail Vaidya, Shweta Kumar, Aarif Aziz, Abhishek Jain, Kanika Mittal, Siddharth Yadav, Neoma Kapoor, Ankit Goel, Radhey Raman Sharma and Murali Krishna also participated in the round.

Founded in 2017 by Samarth Masson and Sanjeev Grover, Dockabl, which is operated by Gravitate Ventures, offers employee experience platform which enhances productivity, enables continuous performance and drives engagement in an effective way.

Its SaaS-based platform offers a value proposition to various stakeholders such as employees, managers, project leaders, HR process owners and CEOs. It works effectively for all sizes of organisations ranging from start-ups to large conglomerates.

It currently works with some of the notable organisations such as Policybazaar, Tata Realty, SIDBI, Becton Dickinson, Innov8, 91Springboard, Bajaj Capital and Hero HFL.

According to Dockabl, the funds will be utilised for further augmenting its product, technology and go-to-market strategies to deliver better customer experience. The startup also has plans to launch a plug and play version of its product by 2020.

With a focus to strengthen its footprint in India, Dockabl is also aiming for a robust expansion across global markets including North America and South East Asia.

“We offer a progressive solution with a user-interface design that solves work management problems in organizations in a deep and efficient manner. Our focus on employee experience is what sets us apart. With this capital infusion, we are very enthusiastic to further enhance our product and prove our merit yet again,” the founders said in a statement.

Investors Focus On Developing SaaS Market In India

According to Inc42 DataLabs, Indian SaaS startups raised $2.79 Bn across 520 deal during the period between January 2014 and June 2018.

A 2016 report by Google and Accel Partners predicted that the Indian SaaS market will grow to become a $10 Bn revenue industry by the year of 2025.

In May, Inc42 exclusively reported that SaaS-powered HRTech startup Skillenza closed a  $1 Mn Pre-Series A funding round led by CBA Capital’s Education Catalyst Fund (ECF) with participation from Let’sVenture, CIO Angel Network, Keiretsu forum, Hyderabad Angels and its existing investors including Blume Ventures, and Tracxn Labs.

Bellevue-headquartered SaaS startup Zenoti had also raised $50 Mn in a Series C funding round led by Tiger Global Management. India makes about 20% market for Zenoti, which uses artificial intelligence for predictive analytics and mobile solutions to help its clients better attract, engage and retain customers

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

SaaS Startup Dockabl Raises $1.26 Mn In Pre-Series A Funding Round-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

SaaS Startup Dockabl Raises $1.26 Mn In Pre-Series A Funding Round-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

SaaS Startup Dockabl Raises $1.26 Mn In Pre-Series A Funding Round-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

SaaS Startup Dockabl Raises $1.26 Mn In Pre-Series A Funding Round-Inc42 Media
SaaS Startup Dockabl Raises $1.26 Mn In Pre-Series A Funding Round-Inc42 Media
You’re in Good company