US-based Range VC, Silicon Badia, and India-based iSeed Ventures have invested in the Company. Funds raised will be used for scaling up the US and India Sales and Marketing teams as well as shoring up product development.
Mumbai/Denver based CometChat, a CpaaS startup has raised $1.6 million in a Seed round from Colorado-based Range Ventures, NY-based Silicon Badia, and India based iSeed Ventures.
CometChat, which was incorporated in the US, by Anuj Garg and Anant Garg in 2019, works with top global enterprises by providing plug n play communication products to improve brands’ reach.
As a product tech company, it designs critical functions like chat, video, and live event capabilities within websites and apps to help enterprises who are looking to boost user engagement accelerate their go to market time. Because of their product and solutions, enterprises save hundreds of developer hours and the associated costs.
Anuj Garg, Co-founder & CEO, CometChat, says, “CometChat has been working in the space of designing effective chat and video solutions for our customers. Today, we have built a strong base in the US and India, and with the backing of well known VCs both in the US and India, we believe our growth rate will accelerate and help us hit the next set of milestones quicker than before.”
Founded by twin brothers Anant Garg and Anuj Garg, CometChat products enable beginner developers and business owners to add a full-fledged messaging and communication platform within their website and apps in minutes using a plug and play interface. It also enables intermediate and expert developers to easily customize and scale their communication requirements using their SDKs and APIs.
Utsav Somani, Founder, iSeed Ventures, said, “I first came across CometChat when a customer of theirs posted a great review about them. Then from the minute, I saw their meteoric rise in metrics to Anuj and Anant’s vision on how text, voice, and video will play a vital part in bringing intimacy to experiences online, I was excited to invest fairly quickly.”
The company chose to remain bootstrapped until last year when they became the first and only Indian startup to be selected for the Techstars Boulder Accelerator Program and received funding as part of the program. The funds raised in the Seed round will be used to scale up sales and marketing functions in the US and India.
This capital will help CometChat, a B2D (business to developer) company, fuel growth by entering new markets with their Developer-First marketing approach and make significant investments towards product development.