- US-based Range VC, Silicon Badia and India-based iSeed Ventures have invested in the startup
- Funds raised will be used for scaling up the US and India Sales and Marketing teams as well as shoring up product development
Chennai, NFAPost: CometChat, a CpaaS (Communication-Platform-as-a-Service) 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 in 2019, by Anuj Garg and Anant Garg, works with top global enterprises by providing plug n play communication products to improve brands’ reach.
CometChat, a product tech company, 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. Their product and solutions help enterprises save hundreds of developer hours and the associated costs.
CometChat Co-founder and CEO Anuj Garg said, “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 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.”
The company chose to remain bootstrapped until last year when it became the first and only Indian startup to be selected for 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, CometChat said.
This capital will help CometChat fuel growth by entering new markets with its Developer-First marketing approach and make significant investments towards product development.
iSeed Ventures Founder Utsav Somani said, “I first came across CometChat when its customer posted a great review about the company. Then from the minute I saw its 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.”
CometChat provides thousands of customers with a communication platform for their websites, web apps, mobile apps and IoT. Its extensible platform seamlessly enables developers to add voice, video, text chat along with a host of other features like bots, moderation, encryption.
Used by over 50,000 customers worldwide with billions of messages being exchanged per month, CometChat was 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 customise and scale their communication requirements using their SDK’s and APIs.
