SingleInterface Bags $30 Mn To Offer Hyperlocal Marketing, Ecommerce Solutions To Brands

SingleInterface Bags $30 Mn To Offer Hyperlocal Marketing, Ecommerce Solutions To Brands

SUMMARY

The funding round was led by Singapore-based investment firm Asia Partners and also saw participation from PayPal’s venture capital arm

The capital will be deployed to expand the startup’s footprint globally, shore up product portfolio and build AI product portfolio

Founded in 2014, SingleInterface is a full-stack platform that offers digital marketing, customer engagement, and ecommerce solutions for multi-location brands

Martech platform SingleInterface has raised $30 Mn in a “financing” round led by Singapore-based investment firm Asia Partners. The round also saw participation from PayPal’s venture capital arm, PayPal Ventures.

This is the first external round raised by internet firm Smile Group-incubated startup since its inception in 2014. The capital will be deployed to expand the startup’s footprint globally and ramp up product portfolio. A part of the capital will also be invested in building its portfolio of AI-driven products. 

Founded in 2014 by serial entrepreneurs Tarun Sobhani and Harish Bahl, SingleInterface is a full-stack SaaS platform that offers digital marketing, customer engagement, and ecommerce solutions for multi-location brands. 

“… With this funding, we are poised to tap into new markets and further solidify our position as a global leader in enabling marketing and commerce capabilities for multi-location enterprise brands through our product suite,” said SingleInterface’s cofounder and chairman Bahl (also the cofounder of Smile Group).

Commenting on the fundraise, Asia Partners cofounder Oliver Rippel said, “We are thrilled to be partnering with Tarun, Harish, and the SingleInterface team to support their growth ambitions in India and globally”.

The hyperlocal martech startup claims to enhance brand discovery, drive customer engagement and deliver seamless omnichannel experiences for its clients. It claims to cater to more than 400 multi-location brands spanning sectors such as food and beverage, retail, automotive, banking, among others.

It currently has operations in Asia and the Middle East, and counts the likes of TVS, CEAT, Audi, Samsung, Sharekhan, IDFC First Bank, and Puma among its customers. 

“Our suite of products has proven to deliver remarkable revenue growth for our clients, accounting in some cases for 15-20% of their revenues… We are on a mission to empower our customers to drive further growth, enhance the customer experience, and provide rich business insights and context across their different locations, enabling them to grow and win locally,” said SingleInterface cofounder and CEO Sobhani.

The development comes at a time when funding for the enterprise tech sector has witnessed an uptick. The space saw 28 deals worth $305 Mn in the first quarter (Q1) of 2024, emerging as the third-most funded sector during the period. 

Just a day ago, LogiNext cofounder Manisha Rajsinghani’s new GenAI SaaS venture SiftHub secured $5.5 Mn in funding from Matrix Partners India, Blume Ventures, and others

On the same day, Bengaluru-based SaaS startup Vodex raised $2 Mn in seed funding from Unicorn India Ventures and Pentathlon Ventures. Prior to that in February, another B2B SaaS startup Rupyz secured $1.2 Mn in seed funding from Merak Ventures and other angel investors.

Note: We at Inc42 take our ethics very seriously. More information about it can be found here.

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.

SingleInterface Bags $30 Mn To Offer Hyperlocal Marketing, Ecommerce Solutions To Brands-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.

SingleInterface Bags $30 Mn To Offer Hyperlocal Marketing, Ecommerce Solutions To Brands-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.

SingleInterface Bags $30 Mn To Offer Hyperlocal Marketing, Ecommerce Solutions To Brands-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.

SingleInterface Bags $30 Mn To Offer Hyperlocal Marketing, Ecommerce Solutions To Brands-Inc42 Media
SingleInterface Bags $30 Mn To Offer Hyperlocal Marketing, Ecommerce Solutions To Brands-Inc42 Media
You’re in Good company