SaaS startup Bitscale raises funding led by First Cheque, others

Gurugram-based SaaS startup Bitscale has raised an undisclosed amount in its initial funding round. The primary investor in this round was First Cheque, a seed fund associated with India Quotient.

Notable participants in this funding round included Point One Capital, Kunal Shah (founder of CRED), Ankit Nagori (founder of Curefoods), 7 Square Ventures, and the co-founders of Supplynote—Harshit Mittal, Kumar Kushang, and Abhishek Verma.

Additionally, Prakash Deep Maheshwari from Netflix and several other investors also participated.

Purpose of fundraising

Bitscale plans to use the raised capital to establish a streamlined and robust workforce, improve its product, and explore different go-to-market (GTM) strategies.

The startup aims to enhance offerings and make its solutions more effective and accessible for users. 

Developing innovative user interface (UI)

Founded in July 2023 by Sanket Goyal, Abhinay Kumar, and Yash Sharma, Bitscale is developing an innovative user interface (UI) that aims to significantly increase efficiency for sales and marketing professionals. 

The startup is transforming the existing chat-based UI of AI tools like ChatGPT and Perplexity into a more user-friendly and adaptable UI, similar to Excel.

The new UI will enable users to automate their manual activities, making them ten times more effective. It also allows the startup to create complex AI-driven tools for web scraping, prospecting, generating content, and even LinkedIn searches.

Bitscale's approach to data sourcing and lead generation sets it apart from competitors. The startup leverages numerous data sources, including communities, Google Maps, and over ten other platforms, to locate and extract email addresses and phone numbers of potential prospects.