US-based search-personalisation company: Unbxd gets investment worth $100 Mn by IPO-bound Netcore Cloud
- ByStartupStory | March 26, 2022
SaaS company Netcore Cloud, betting big on personalisation, has invested $100 million to acquire a majority stake in Unbxd, a US-based search-personalisation company. Unbxd will operate as an independent entity and there will be no changes to the company’s management, post this acquisition
Over the last three years, this acquisition marks Netcore Cloud’s fourth investment following the acquisition of Boxx.ai- product recommendation, Quinto.ai- conversational commerce, and Hansel.io- product experience. Unbxd has built an AI-powered product discovery suite and was founded by Pavan Sondur and Prashant Kumar in 2012.
The startup claims its intelligent search solutions improve retention and conversions for leading ecommerce retailers and B2C brands in the UK, US, and Australia, including marquee brands like Mattress Firm, Home Shopping Network, Express, Ashley Homestore, Advance Auto Parts, Mitre10, The Children’s Place, and Kookai, among others.
In offering customer communication and engagement solutions to businesses, the Mumbai-headquartered IPO-bound SaaS startup Netcore Cloud is specialised in it.
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