BiteSpeed, a Gurgaon, India-based SaaS startup helping e-commerce brands on Shopify, raised $1.9 million in seed funding.
The round was led by Sequoia India’s Surge, with participation from First Cheque, Whiteboard Capital, and angel investors including CRED founder Kunal Shah and Teachable creator Ankur Nagpal..
With the funds raised, they look forward to hiring across their tech, marketing, and product teams as well as expanding their presence in the United States, Europe, and Latin America.
Company: Actartly Technology Private Limited.
Round: Seed Round
Funding Month: February 2022
Lead Investors: Sequoia India’s Surge
Additional Investors: First Cheque, Whiteboard Capital, Kunal Shah, and Ankur Nagpal.
Company Website: https://www.bitespeed.co/
Software Category: e-commerce tools
About the Company: Founded by Vinayak Aggarwal, BiteSpeed enables online brands to interact with their customers and sell their products on apps such as WhatsApp and Facebook Messenger. The platform provides the tools for any e-commerce brand to be able to sell and engage with its customers on these chat apps. This helps brands drive an estimated 10% of revenue through chat as a channel, reduce customer acquisition costs and increase lifetime value. BiteSpeed is part of the sixth cohort of Sequoia Capital India’s accelerator program Surge which included 20 startups such as Airavana, BambooBox, Blend, 10 Minute School, Toplyne among others.