Knit, a Bengaluru, India-based SaaS startup, has secured $1 million in a seed funding round.
Investors
The round was led by early-stage venture capital firm Endiya Partners, with participation from Axilor Ventures and unnamed angel investors.
Endiya Partners is an early-stage venture capital fund that specializes in investing in Indian product startups with global potential. Founded in 2015 and based in Hyderabad, India.
Knit Use of Funds
The company plans to utilize the fresh capital to enhance its product stack. Additionally, it aims to integrate Gen AI technologies into its systems, leveraging advanced artificial intelligence for improved functionality and user experience.
About Knit
Founded by Yasharth Mishra in 2024, Knit provides a unified application programming interface (API) platform. The platform enables businesses to integrate data from multiple SaaS (Software as a Service) solutions. Customers can utilize Knit's platform to access data from various SaaS tools. Its unified API platform facilitates real-time third-party integrations across categories such as human resources information system (HRIS), applicant tracking system (ATS), customer relationship management (CRM), payroll, compliance and verification, expense management, and accounting.
Funding Details
Company: Knit
Raised: $1.0M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Endiya Partners
Additional Investors: Axilor Ventures
Company Website: https://www.getknit.dev/
Software Category: Integration
Source: https://inc42.com/buzz/saas-startup-knit-bags-funding-from-endiya-axilor-for-its-unified-api-platform/