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CometChat raises Seed Round from US and Indian VCs

CometChat, a CPaaS platform raises $1.6 million US-based Range VC, Silicon Badia, and India-based iSeed Ventures have invested in the Company Funds raised will…

CometChat raises Seed Round from US and Indian VCs
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  • CometChat, which was incorporated in the US in 2019, by Anuj Garg and Anant Garg, works with top global enterprises by providing plug n play communication products to improve brands’ reach.
  • CometChat, a product tech company, designs critical functions like chat, video, and live event capabilities within websites and apps to help enterprises who are looking to boost user engagement accelerate their go to market time.
  • Their product and solutions help enterprises save hundreds of developer hours and associated costs.
  • CometChat, a CPaaS platform raises $1.6 million
  • US-based Range VC, Silicon Badia, and India-based iSeed Ventures have invested in the Company
  • Funds raised will be used for scaling up the US and India Sales and Marketing teams as well as shoring up product development
  • CometChat enables businesses to integrate voice, video, and text chat experiences in their mobile apps, web apps, and websites.

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CometChat, which was incorporated in the US in 2019, by Anuj Garg and Anant Garg, works with top global enterprises by providing plug n play communication products to improve brands’ reach. CometChat, a product tech company, designs critical functions like chat, video, and live event capabilities within websites and apps to help enterprises who are looking to boost user engagement accelerate their go to market time. Their product and solutions help enterprises save hundreds of developer hours and associated costs.

Anuj Garg, Co-founder & CEO, CometChat, says, “CometChat has been working in the space of designing effective chat and video solutions for our customers. Today, we have built a strong base in the US and India, and with the backing of well known VCs both in the US and India, we believe our growth rate will accelerate and help us hit the next set of milestones quicker than before.”

The company chose to remain bootstrapped until last year when they became the first and only Indian startup to be selected for the Techstars Boulder Accelerator Program and received funding as part of the program. The funds raised in the Seed round will be used to scale up sales and marketing functions in the US and India.

This capital will help CometChat, a B2D (business to a developer) company, fuel growth by entering new markets with their Developer-First marketing approach and make significant investments towards product development.

Utsav Somani, Founder, iSeed Ventures, says, “I first came across CometChat when a customer of theirs posted a great review about them. Then from the minute, I saw their meteoric rise in metrics to Anuj and Anant’s vision on how text, voice, and video will play a vital part in bringing intimacy to experiences online, I was excited to invest fairly quickly.”

About CometChat

CometChat, a global leader in Communication-Platform-as-a-Service (CPaaS), provides thousands of customers with a communication platform for their websites, web apps, mobile apps, and IoT.  Its extensible platform seamlessly enables developers to add voice, video, text chat along with a host of other features like bots, moderation, encryption. Used by over 50,000 customers worldwide with billions of messages being exchanged per month, CometChat is loved by developers worldwide. CometChat has been founded by twin brothers Anant Garg and Anuj Garg. CometChat products enable beginner developers and business owners to add a full-fledged messaging and communication platform within their website and apps in minutes using a plug and play interface. It also enables intermediate and expert developers to easily customize and scale their communication requirements using their SDKs and APIs.

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WHY IT MATTERS

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KEY NUMBERS

1.6 millionExtracted from story
rs.AI
Funding
Enterprise

WHO IS AFFECTED

◯ Founders

Capital, customers and competition can change scaling decisions.

◯ Investors

Track capital deployment, valuations and sector signals.

◯ Customers

New products, pricing and services may follow.

◯ Ecosystem

Jobs, partnerships and market opportunities can expand.

OPPORTUNITY RADAR

Business OpportunityCreator OpportunityInvestor SignalMarket Opportunity

New capital can accelerate product development, hiring, market expansion and strategic partnerships.

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WHAT TO WATCH NEXT

  • CometChat, which was incorporated in the US in 2019, by Anuj Garg and Anant Garg, works with top global enterprises by providing plug n play communication products to improve brands’ reach.
  • CometChat, a product tech company, designs critical functions like chat, video, and live event capabilities within websites and apps to help enterprises who are looking to boost user engagement accelerate their go to market time.
  • Their product and solutions help enterprises save hundreds of developer hours and associated costs.

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