SaaS startup BiteSpeed has raised $1.9 Mn in seed funding led by Sequoia India’s Surge, First Cheque, Whiteboard Capital and angels including CRED founder Kunal Shah and Teachable founder Ankur Nagpal.
The company said that funds will be used to hire across tech, marketing and product teams as well as expand the startup’s presence in the US, Europe and Latin America.
“The past decade of e-commerce brands were built on acquiring customers through Facebook or Google Ads, and retaining them through email marketing. However, with chat apps like WhatsApp and Instagram taking centre stage in recent times, our bet is that the future of commerce is conversational.” said Vinayak Aggarwal, founder, BiteSpeed.
SaaS startup BiteSpeed is building the tools for any ecommerce brand to be able to sell and engage with their customers on chat apps like Whatsapp, FB Messenger, Instagram, SMS.
At BiteSpeed, we’re building the conversational commerce stack for e-commerce brands to engage and sell to their customers on chat. Since our launch in October 2019, we’re grateful to now be working with over 1,500 brands in more than 50 countries around the globe. With the funds raised, we look forward to hiring across our tech, marketing and product teams as well as expanding our presence in the United States, Europe and Latin America,” Vinayak Aggarwal, added.
Founded in 2019 by Vinayak and other founding team members Kshitij Abhishek and Apoorv Sadana, SaaS startup BiteSpeed is part of Surge’s sixth cohort of 20 companies.