Monday, April 22, 2024
HomeStart UpExly secures $6.2 million in latest funding round 

Exly secures $6.2 million in latest funding round 

Exly, a provider of business tools for the creator economy, has raised $6.2 million in a recent funding round led by Chiratae Ventures. 

Existing backers, including Mayfield India and Venture Highway, joined the round. The firm will utilize the funds to improve product offerings and support customer acquisition, among other areas.

Founded in 2018 by Suyash Sinha, Sidharth Rawat, and Akhil Tripathi, Exly, previously known as MyScoot, offers business tools to assist users in streamlining operations and boosting productivity. 

The platform provides course builders, appointment schedulers, marketing suites, customer relationship management (CRM), and lead-capturing conversion tools to creators and solo entrepreneurs. Its clientele includes business coaches, fitness professionals, astrologers, dance choreographers, and digital marketers.

“Whether you’re kick starting or expanding your knowledge business, you are currently required to stitch together over 10 tools and products to be able to manage your business instead of focusing on what’s most important – sharing your knowledge and adding value to your customers. Our goal is to empower our customers to 10X their earnings on auto pilot,” said Sinha, the chief executive of Exly. 

Exly boasts a user base of over 10,000 customers to date.

“We recognise the evolving needs of knowledge businesses and believe in empowering entrepreneurs with the tools they need for success, supporting them every step of the way in their growth journey,” said Mandeep Julka, vice president at Chiratae Ventures. 

In its earlier funding stages, Exly secured $1.8 million in a seed funding round and was part of the Y-Combinator winter 2019 batch.

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