StartPack rebranded as doola, raises $3 million worth funding

• ByTejika Bajaj     |    November 16, 2021

The global startup StartPack announced that it has rebranded itself as doola. Further, the company has raised $3 million in financing.

The round of financing was led by Nexus Venture Partners and saw participation from YCombinator, Hustle Fund, Psion Capital, Translink Investment and other all-start angel investors like Jacqueline Reses, Dharmesh Shah, Ankur Nagpal, Rohini Pandhi, Arjun Sethi and Prasanna Sankar.

The startup aims to utilize the fresh funds to scale the team and further invest in product and engineering.

Talking about the recent investment of funds, Jishnu Bhattacharjee, the Managing Director at Nexus Venture Partners stated, “Creators and independent entrepreneurs want to focus on their crafts that they love. However, to build businesses around their crafts, they would also need to take care of unexciting but necessary backend business management functions (like incorporation, compliance, taxes, banking, payments, etc.), for which they usually do not have expertise, nor interest, nor the time those activities demand. doola is set to address just that: so solopreneurs can do what they love and are best at, while doola takes care of the rest.”

Founded in late 2020 by Arjun Mahadevan and JP Pincheria, doola is a platform which allows entrepreneurs to form US LLCs by helping them through the incorporation stage. Doola provides the company’s EIN, US address and bank account, access to US payments, tax consultations, US tax support, a phone number and $50,000 in startup perks. The company has helped more than 1000 companies through their incorporation stage.

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