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Techstars-backed SaaS startup unremot today announced it has raised $700,000 in a seed funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.
The round also saw participation from Digital Futurists Angels Network (DFAN), ah! Ventures, and Point One Capital.
This is IPV's 46th deal for 2021 and is on track to invest Rs 155 crore across 60 plus startups by the year-end. So far, the angel investment firm has invested in 104 deals so far, with Rs 316 crore investments done to date.
Founded in February 2020 by Shiju Radhakrishnan, The founder saw that the independent consultants struggle to manage their client meeting requests, scheduling, and payments, surviving the broken experiences through multiple products.
To overcome this problem, The founder launched unremot, which is a business-in-a-box solution that provides a personal office to consultants that allow the clients to discover, request, schedule, pay, and conduct meetings in a jiffy - all in one place.
The SaaS startup combines online discovery, calendar, payments, and video conferencing into one screen and leverages a discovery-driven community interface.
Since its launch, unremot claims to have achieved 14,000+ monthly active users, 40,000+ monthly visitors, 80% organic users, and users from 52+ countries, with 70% from the US, Canada, UK, Australia & Germany.
“Our driving force for being entrepreneurs is to build products and watch users love it. The journey from our previous startup iTraveller to the current one, unremot is a testament to this pursuit. With unremot, we believe that the success of future businesses will depend on how best one could leverage the power of small communities at scale," Shiju Radhakrishnan, Founder & CEO, unremot said.
He further said unremot aspires to become a go-to place for consultants who want to build their client communities and we target to bring together 25 million users on unremot in the next 5 years.
unremot is a 25 member fully remote team, led by Shiju Radhakrishnan, Nisanth Kumar, Binse Abraham, Avanti Shukla, and Thahir Backer. The team has previously worked together in the past, before being acquired and taking their exits.
According to a statement, unremot aims to reach 1 million users by the end of 2022, 5 million by 2023, and 25 million by 2025. To fuel this growth, the startup is targeting to raise a larger $2 million round at the end of the Techstars program.
unremot is backed by Techstars Toronto accelerator and is part of the ongoing cohort. The startup has its office in Delaware, Bengaluru, and Cochin.
Speaking on the investment, Vinay Bansal, Founder & CEO, Inflection Point Ventures, said:
“unremot steps in at a time when discovering professionals on a seamless platform had become extremely important. We have organizations working on finding professionals from different domains but corporates. This platform has bridged the gap and helped Consultants create a community-like structure, increasing their discoverability factor. The fact that unremot is addressing the entire spectrum of remote working on an advanced level and keeping the entire experience efficient prompted us to back the company.”
Inflection Point Ventures had previously invested in Toppersnotes, Boingg, Buyofuel, Vanity Wagon, among several others.
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