Binny Bansal, the founder of xto10x Technologies, is leading a $25 million financing round
- ByStartupStory | February 9, 2022
According to a prepared statement released on Wednesday, Binny Bansal, a cofounder of Flipkart, has led a new $25 million funding round in his own firm, xto10x Technologies, a scaling platform for growth-stage companies. A total of 28 founders and executives from India and Southeast Asia took part in the investment round.
As per a corporate release, the cash will be used to ramp up – learning programmes, software tools, and operational skills – which will help growth-stage startups expedite their scale-up journeys.
xto10x Technologies cofounder Saikiran Krishnamurthy stated, “Our experience over the last two years has shown us that founders are actually yearning for support to expand swiftly and build lasting organisations.” We built a strong momentum by doing deep operational work with companies and leveraging that experience into software tools and learning curricula, which helped us grow four-fold in the last year. xto10x is already a lucrative business.
In 2018, Bansal and Krishnamurthy, a former Flipkart executive, founded xto10x Technologies. Bansal is currently the cofounder and executive chairman of the company.
Dockabl, a SaaS-based HR-tech business, was bought by xto10x last year to enhance their employee experience platform. xto10x has worked with over 200 growth-stage companies in India and Southeast Asia to date.
Follow Startup Story
Related Posts
