SingleInterface Secures $30M Financing Led by Asia Partners and PayPal Ventures

• ByStartupStory     |    April 4, 2024

SingleInterface, a leading provider of hyperlocal marketing-to-commerce solutions, announced today the successful closure of a $30 million financing round led by Asia Partners, a prominent growth equity investment firm based in Singapore. The funding round also saw participation from PayPal Ventures, the corporate venture arm of PayPal, a global leader in digital payments.

Founded by Tarun Sobhani and Harish Bahl, SingleInterface operates out of Gurugram, India, offering a robust SaaS platform that seamlessly integrates digital marketing, customer engagement, and ecommerce solutions tailored for multi-location enterprise brands. The infusion of capital marks the company’s first external funding round and underscores its commitment to solidifying its leadership position in Asia and beyond.

Tarun Sobhani, Co-founder and CEO of SingleInterface, expressed enthusiasm about the company’s growth trajectory, stating, “Our suite of products has proven to deliver remarkable revenue growth for our clients, accounting in some cases for 15-20% of their revenues. We are on a mission to empower our customers to drive further growth, enhance the customer experience, and provide rich business insights and context across their different locations, enabling them to grow and win locally.”

Oliver Rippel, Co-founder of Asia Partners, praised SingleInterface’s achievements, remarking, “SingleInterface has shown an exceptional track record of fostering customer engagement and commerce for large enterprises over the last several years and has firmly established itself as a prominent player in the region, successfully integrating offline and online customer journeys to drive growth for physical retail locations.”

The financing will be utilized to expand SingleInterface’s hyperlocal marketing, engagement, and commerce product portfolio. Additionally, the company plans to focus on refining advanced audience segmentation and personalized re-engagement features to further enhance its offerings.

SingleInterface’s platform simplifies discovery, boosts engagement, handles feedback, and ensures omnichannel experiences for businesses. By providing valuable insights for each business location, the company enables its clientele to increase revenue and enrich customer experiences. Currently serving over 400 multi-location brands across diverse industries such as food and beverage, retail, telecommunications, banking, and education, SingleInterface has established a strong presence in Asia and the Middle East.

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