Thursday, June 8, 2023
HomeInsightFunding Alert PedalStart raises $300K in pre-seed round led by AngelBay, others

[Funding alert] PedalStart raises $300K in pre-seed round led by AngelBay, others

PedalStart raises $300K in pre-seed round led by AngelBay, others

A $300,000 pre-seed round was raised by the Gurugram-based startup founders’ network platform PedalStart, which was also joined by Alok Bansal, co-founder of Policy Bazaar and Paisa Bazaar, and AngelBay. Participants in the round included Mayank Jain, Chief Product Officer and Head of Marketing at Snapdeal.

With these financing, PedalStart plans to onboard more than 3000 community founders and develop a core team and tech enabling simple movement and connecting founders with mentors, as per reported by YourStory.

Read also – [Funding alert] FMCG Firm Bajo Foods Raises $2 Mn in Funding

“Being a startup founder, I can understand the problems an early-stage startup founder would face in his journey. At PedalStart, watching how they work to solve those problems and help the early-stage startup founders grow in the startup ecosystem, hit a nerve,” Alok Bansal said, in a media statement.

PedalStart is India’s fast-growing startup founders’ community that works intensively with startups in each phase of their journey. They have been transforming big ideas into high-potential businesses since 2021.

Read also – [Funding alert] Powerhouse Ventures Leads USD 1.1M Round into Bigyellowfish, an Employee Experience Platform

“We are re-investing in the current round as the Company has grown faster than what we anticipated which is a testimony of the execution capabilities of the founders and the team,” Sorabh Agarwal, Co-founder, AngelBay said, in a media statement.

About PedalStart

PedalStart provides guidance to entrepreneurs in bagging the best opportunities in terms of mentorship, networking, and funding. Their overall goal is to help startups grow and build-up as a community in which their team will guide you in every phase of the journey.

Read also – [Funding alert] Airtel acquires strategic stake in tech startup Lemnisk

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