Thursday, June 8, 2023
HomeInsightFunding Alert GrowthX raises $1.5 mn in Seed Round from 212 investors

[Funding alert] GrowthX raises $1.5 mn in Seed Round from 212 investors

[Funding alert] GrowthX raises $1.5 mn in Seed Round from 212 investors

GrowthX, a social learning platform, has secured $1.5 million in a seed round of fundraising that was co-led by Better Capital and 212 angel investors.

More than 200 founders, leaders, and operators from organisations including Razorpay, Airbnb, Mamaearth, Meesho, Myntra, and Freshworks took part in this significant community-led fundraise in the Indian startup ecosystem. Amazingly, members of GrowthX’s own community collected 65% of the funding. Better Capital was the largest firm in the round and took the lead.

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“We are not alone. Founders and CXOs from Razorpay, Gaana, Myntra, Reliance Jio, Mamaearth, Ixigo, Bounce, Google, Meesho, Airbnb, PharmEasy, Gpay, CleverTap, LensKart, Freshworks, SpringWorks, FabHotels, xto10X, Merkle Sokrati, CRED, Swiggy, PayU, Cashfree, PaisaBazaar, BookMyShow, GitHub & 160 more invested in GrowthX to help us build Growth as a function in India,” the company said in a statement.

“We are humbled by the fact that the majority of our fund was raised from GrowthX’s own community. This is a true testament to the trust and value we have been able to create for founders and operators. As we continue to expand, we hope to fundamentally change the way operators and founders think about growth,” Udayan Walvekar, CEO & Co-Founder of GrowthX said.

GrowthX forum is a repository of knowledge. Over 1200 members have created in-depth growth-strategies on 2000+ products solving specific problems under acquisition, onboarding, engagement, retention & monetization.

This repository is the perfect place for members to pick up learnings on products & companies in which they’re looking to get hired or are just curious.

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Abhishek Patil, co-founder of GrowthX said, “Moonshots or shortcuts to growth are a myth and in fact, self-destructive. Growth is a mindset and is meant to be sustainable; in the short and mid-term, we are looking to change the way top operators & founders develop a mindset that will significantly impact the way people are hired and promoted.”

“Product and growth problems require a structured approach and professionals with this skill are incredibly difficult to come by at the moment. GrowthX is doing a great job at filling this gap by building a phenomenal community of talent with the ability to solve any growth problem. I believe the founders are doing a great job building the next generation of top growth professionals,’’ Harshil Mathur, CEO at Razorpay & Partner at MarsShot said.

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Vaibhav Domkundwar, CEO at Better Capital said, “GrowthX is productizing the most important aspect of building and scaling a company – that of product & growth and we are excited to be founding stage partners to Udayan & Abhishek. We believe GrowthX has the potential to power the fastest growing companies in India & globally based on our first hand experience with our portfolio founders.”

About GrowthX

GrowthX is where the best talent comes to learn, and the best startups come to recruit.



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