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HomeInsightFunding Alert Performance management startup Mesh raises $11 mn in series A funding

[Funding alert] Performance management startup Mesh raises $11 mn in series A funding

Performance management startup mesh
Performance management startup mesh

Mesh, a Performance management startup has raised$11 million in its Series A funding round from RTP Global.

The startup plans to use the funds to focus on building a global team for further expansion in the US and APAC markets.

The US and Gurugram-based Mesh was founded in May 2020 by Gaurav Chaubey, Rahul Singh and Saurabh Nangia, this makes it easier for employees to manage goals, receive timely feedback, and actively collaborate with their employer to help them advance their careers.

“Mesh helps modern companies scale a culture of real time performance and growth conversations across peers, managers and teams. Our vision is to enable 30 million people to achieve their full potential at work by 2030”, said, Gaurav Chaubey, Co-founder and CRO, Mesh.

The startup manages a wide pool of trendy unicorns and unicorns across sectors including ShareChat, Cred, Grove, Pipefi and more.

“We are delighted with the consistent support and appreciation we have received from our investors and early customers. Last year, we solved for the key unmet needs of our customers. This year we’re excited to double down on enhancing user love and expanding further in global markets. We’re building a truly multi-generational company that will continue to reimagine how people perform and grow in the ever-changing future of work “, said, Saurabh Nangia, Co-founder and CEO, Mesh.

Since its inception, it has seen a 16-fold increase in revenue. Equipped with a multi-layered technology stack, the company has achieved prominence in industries in Southeast Asia and the Americas.

“Last year, we backed Mesh based on the strength and the vision of the team. Since then, the team has executed really well to not only onboard stellar customers but also delight users. Leading this round was a no-brainer for us and we are thrilled for this continued partnership as Mesh builds a distinctive brand around the future of work”, said, Madhur Makkar, RTP Global.

The startup has grown into a team of around 50 employees spread across four countries. Apart from the benefits and offers like equity ownership, unlimited and no questions asked time, learning allowances etc., the company said that all decisions and actions in Mesh are driven by its core values, LOVE. – Act with love, nurture openness, drive velocity, and think Exponential.  In July 2021, Mesh had raised $5 million in funding round from Sequoia Capital India’s Surge, with participation from co-investors RTP Global, Y Combinator Continuity, and Emles Venture Partners.

About Mesh :

Experiencing a sense of progress is the single biggest driver of an individual’s emotions, motivation and performance during any given day at work. Mesh is an organization’s social network for goals, tasks, recognition and check-ins! Key features of Mesh include: – goal management – peer recognition & feedback conversations – team, manager, and peer check-ins – automated goal-based recognition – leaderboards and contests – behavioral analytics & predictive insights – personalized nudges that drive personal growth.

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