Funding Alert

Profitwheel raises 1.2Million in a Pre-Series A round funding

• ByStartupStory     |    December 14, 2022

ProfitWheel Data Technologies Pvt Ltd raises Rs 10 crore in a Pre-Series A round funding led by Ashutosh Garg, CEO and co-founder of Eightfold AI, Amit Singhal, former SVP at Google Inc and head of Google Search and Nigel Morris, director of Admix. The existing investor Netcore Cloud also participated in the round. Software as a service (SaaS) is one of the fastest-growing and biggest  market segments for more than two years. ProfitWheel, the global consumer intelligence SaaS startup founded in 2020 by Vivek Bhargava. Aman Khanna and Gautam Mehra are the co-founders.

“ProfitWheel was established to empower marketers with more intelligence to help them navigate these changes and have better consumer understanding to steer their businesses. With an ambition to emerge as a multi-billion dollar enterprise, we aim to deliver best-in-class products to the market around consumer intelligence and unearth insights that fuel consumer growth and intelligence.” said Gautam Mehra. 

“ProfitWheel helps its customers release the power of their first-party data, allowing them to expand insights and unpack deep audience passions to inform and drive more effective and efficient growth strategies.” said Nigel Morris and also “ProfitWheel plays a vital role in redefining how consumer intelligence is sort and can be a Philip to an organisation’s growth,” added by Rajesh Jain the founder of Netcore Cloud.

Profit Wheel is planning to use the fund to conquer US and more global markets, developing and implementing more strategic hires in sales and customer success and strengthening product artillery for new use cases in consumer intelligence. The company’s services mainly focused on helping other companies to find and engage with their  audiences, to provide rich consumer insights from cookieless data sources to deterministically understand audiences to build consumer intelligence. Their major focus is to democratise data harnessing the power of AI & ML to provide consumer intelligence unpacked from black-boxed marketing ecosystems to put the companies in the control of their data for better business decisions.

 

Follow Startup Story