Product management superapp Zeda.io raises pre-Series A funding

• ByStartupStory     |    August 19, 2022

On August 18, 2022, Zeda.io, a product management superapp, revealed that it has raised $1.6 million in a pre-Series-A round from a number of reputable angel investors in addition to its current investors BEENEXT, Paradigm Shift Capital, and the Goenka family group-led Radiant SFO.

The Bangalore based startup Zeda.io is planning to expand its market presence and increase the team size with new funds raised, over the next few months as the money raised will be put to use for hiring in the Product, Engineering, and Business teams as well as for business expansion across North America and Europe.

Similar to the Figma and GitHub developer communities for designers and developers, Zeda.io likewise intends to assist PMs in showcasing their work and learning from others’ work, effectively making product management open-sourced for side projects and personal use.

Over 30 businesses from India, the USA, Indonesia, Australia, Singapore, and other countries are active on Zeda.io. To mention a few, its clients include KlearNow (India), Nimble Wireless, Hiver (USA), KoinWorks (Indonesia), Sprinque (Netherlands), Cars24, and KoinWorks. In January 2022, BEENEXT, Binny Bansal’s 021 Capital, Whiteboard Capital, FirstCheque.vc, and Paradigm Shift Capital led a $1.2 million seed round for Zeda.io.

 Prashant Mahajan, Founder, Zeda.io. shared “We are truly excited to go live with our product and unlock innovation among companies and PMs by simplifying product management. The funds will help us scale as well as accelerate our growth plans as we move to the next phase. This achievement wouldn’t be possible without the support of the fantastic 6,000+ PM community we have built along with our core team. We are grateful for the support of our repeat and new investors as we work together on Zeda.io’s vision of redefining and simplifying Product Management.” 

“Zeda.io has been working closely with the community in building and refining its product since very early days. The team has identified the pain points of PMs around the world and succeeded in building a truly unique global product. We are excited to be on the company’s journey from Day zero and look forward to watching the team achieve more milestones.” said Hero Choudhary, Managing Partner at BEENEXT.

Furthermore the Senior product manager at Sprinque mentioned “With Zeda.io, all our stakeholders are on the same page. It is the perfect tool for Product Managers to have their team aligned on the business vision,”.

About Zeda.io

Zeda.io was established in 2021 by Prashant Mahajan and Vaibhav Devpura, two entrepreneurs and former product managers who built and scaled multiple products.The company is bringing together all the components required to create fantastic goods in a more organised, collaborative, and productive way, the company’s one-stop complete product management suite is intended to streamline procedures and decrease redundancies.

Follow Startup Story