Product Management startup Zeda.io raises $1.2 million in seed capital

• ByTejika Bajaj     |    January 12, 2022

Product management startup Zeda.io has recently announced that it has raised $1.2 million in its seed round of funding. The round witnessed participation from various prominent investors like BEENEXT, Binny Bansal’s 021 Capital as well as existing investors including Whiteboard Capital, FirstCheque.vc and Paradigm Shift Capital.

The startup has announced that it is likely to utilize the freshly infused capital for product development and expansion of its team across multiple functions ranging from product, engineering and business.

Talking about the goals and objectives of the startup, the co-founder of Zelda.io, Prashant Mahajan said, “Our mission is to ensure that product management is made simpler and smarter, and to improve the overall quality of products being constructed across the world. We aim to bridge the gap between science and art of Product Management using community and machine learning. We intend to build machine learning models to assist Product Managers in their routine job, like how Github AI Copilot helps engineers.”

Founded by Prashant Mahajan and Vaibhav Devpura in 2021, Zeda.io is a one-stop comprehensive product management suite designed to simplify the processes by bringing together all things needed to define, manage and collaborate on products. Currently, the Bengaluru based startup has 300 users across 6 geographies that it caters to in the private beta mode.

“Product Management is an integral part of businesses around the world today. Zeda.io has identified a massive opportunity to solve the problem being faced by thousands of businesses and PMs as a result of inefficient tools. Zeda.io’s innovative and highly scalable Product Management suite will define and shape the future of how PMs will build products,” said Hero Choudhary, managing partner at BEENEXT.

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