Aims to allocate funds towards developing learning programs, new software tools and scaling operating capabilities
Bengaluru : xto10x Technologies, a scaling platform for growth-stage startups, has raised $25 million in its Series A round led by Binny Bansal. The round also saw participation from 28 founders and senior leaders from the startup ecosystem in India and Southeast Asia.
The funds raised will be primarily utilised to ramp up three core activities – learning programs, software tools and operating capabilities – which will enable growth-stage startups to accelerate their scale-up journeys.
Commenting on the capital raised, Shashank Kumar, Co-founder at Razorpay, one of the investors and also a client said, “xto10x is the only institution that provides systematic support to founders looking to scale up from Series A/B to unicorn and beyond. We have found the xto10x offerings extremely relevant in our own journey of building a high-growth and durable organisation at Razorpay.”
“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 have helped us build strong momentum, driving 4X growth in the past year. In fact, xto10x is already a profitable company,” added Saikiran Krishnamurthy, Co-founder, xto10x Technologies.
In 2021, xto10x had acquired SaaS-based HR-tech startup, Dockabl to expand their employee experience platform. xto10x has worked with 200+ growth-stage startups across India and Southeast Asia in the past two years. The company has built strong offerings in its three core areas – learning programs, software tools and operating capabilities. In learning, seven out of 24 companies from their 10xAcademy founders’ program are now unicorns. Software tools help companies retain talent by improving their employee Net Promoter Score. And a strong team of operating leaders and mentors from best-of-breed startups such as Flipkart, Cure.fit, Swiggy and Amazon help these new-age firms build robust operating capabilities.
