Zenduty raises $1.9M in pre-Series A funding led by StartupXseed Ventures
Zenduty recently announced that it raised $1.9 million in its pre-Series A round of funding led by StartupXseed Ventures. The round also saw participation from Powerhouse Ventures, Titan Capital, Supermorpheus, 100X Entrepreneurs, Kwaish, and Secure Octane Fund, along with a few angel investors.
The SaaS startup plans on using the capital raised for growth initiatives like improving product offerings and talent acquisition.
Zenduty CEO and co-founder Vishwa Krishnakumar said, “We have been doubling every five months for the past 18 months. This round of investment along with our great set of strategic investors will help us increase our growth momentum and our market share in our key markets of North America and Europe. We are also looking forward to building a world-class, inclusive, and diverse team and accelerating product research and innovation.”
Founded in 2019, Zenduty aims to help engineers recover from downtime quickly.
Commenting on the investment, Managing Partner, StartupXseed Ventures. B. V. Naidu said, “We did multiple deep dives and found Zenduty’s team and tech stack to be among the top in the market. Vishwa and Ankur are an addition to our pool of Indian Founders who are building a global B2B company. We are putting all our knowledge and connections on getting the best for the company.”
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