Next-gen low-code platform Nected has secured $1.5 million (15 lakhs) in seed funding led by Binny Bansal’s Three State Ventures with participation from Lykke Capital, Endurance Capital, Forward Slash Capital, and Climber Capital.
The round saw participation from over 15 founders and CXOs in the likes of PayU’s Nitin Gupta, Archit Gupta from Clear, Swiggy-acquired Supr Daily’s Puneet Kumar, Ravi Bhushan from BrightCHAMPS, Prashant Kumar from Unbxd, Tonmoy Shinghal from Mettl, Pallav Pandey from Uolo and Knowlarity, and Avanti Fellows’ Akshay Saxena.
The fresh funding will be utilized to expand operations to align with the growth in the platform’s user base on national and international levels, simplify integration, and enhance product usability.
The company Nected was founded by Prabhat Gupta, who cofounded online travel marketplace TravelTriangle, and real-estate company FastFox’s cofounder, Mukul Bhati in 2022. It is currently used by 20 clients across 5 countries, including the online pharmacy platform Tata 1mg.
The SaaS startup caters to businesses in tackling inefficiency and delays in conventional software development. It works as a toolkit of pre-built tech building blocks with workflow automation, A/B testing tools, and rule engines that save businesses’ time and money by keeping them from needing further expert technical assistance.
