xto10x, a scaling platform for growth-stage startups, raises $25M in a Series A round

Bengaluru-based xto10x Technologies, a scaling platform for growth-stage startups, today announced it has raised $25 million (approx. Rs 187 crore) in a Series A funding round led by Flipkart's Co-founder Binny Bansal.

The round also witnessed participation from 28 founders and senior leaders from the startup ecosystem in India and Southeast Asia. Some of the individual investors include – Swiggy's Harsha Majety, Vidit Aatrey (co-founder of Meesho), Razorpay's Harshil Mathur and Shashank Kumar, Kunal Shah (Cred), among others.

Founded in 2018 by Binny Bansal (Co-founder of Flipkart), Saikiran Krishnamurthy (Ex-McKinsey), and Neeraj Aggarwal (Cure.Fit) with a vision to help emerging startups scale into world-class companies. xto10x offers learning programs, operating services, and SaaS-based solutions for startups.

According to the startup, the raised capital will be deployed towards ramping up three core activities – learning programs, software tools, and operating capabilities – which will enable growth-stage startups to scale operations.

“Our experience over the past two years has shown us that founders are really looking for support to grow fast and build enduring companies. Doing deep operating work with startups and converting that experience into software tools and learning curriculum helped us in building strong momentum, driving four-fold growth in the past year. In fact, xto10x is already a profitable company," Saikiran Krishnamurthy said.

“xto10x is the only institution that provides systematic support to founders looking to scale up from Series A/B to the unicorn and beyond. We have found the xto10x offerings extremely relevant in our own journey of building a high-growth and durable organization at Razorpay," said one of its investors Shashank Kumar, Co-founder at Razorpay.

Over 100 startups use xto10x’s software tools - 10xGoals (OKRs), 10xPeople (eNPS) and 10xPerformance (performance management).

It claims to have worked with over 200+ growth-stage startups across India and Southeast Asia in the past two years.

According to Krishnamurthy, The company is also looking to extend its Founders’ Academy programme to senior leaders of startups. Moving forward, it will also focus on adding further operational capabilities to help startups with aspects such as finance and brand marketing, he said.

At present, The company is focused on scaling its employee NPS (Net Promoter Score) tool, which helps top management at startups to engage and motivate their key talent as well as drive feedback and performance rewards.

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