- Name of the Company: SingleInterface
- Industry: Marketing Software
- Funding Amount: $30 million
- Funding Date: Not specified
- Dilution Percentage: Not specified
- Date of Inception: 2015
- Details About the Founder: Founded by Tarun Sobhani and Harish Bahl
Funding Announcement: SingleInterface, a leading marketing software startup based in Gurugram, has secured a significant investment of $30 million in its first external funding round. The funding was led by Asia Partners, with participation from PayPal Ventures.
Utilization of Funds: The funding will primarily be used to enhance and develop SingleInterface’s product offerings. Additionally, the company plans to utilize the raised capital to fuel its expansion into new markets, particularly in Southeast Asia, Japan, and Australia.
About SingleInterface: Founded in 2015 by Tarun Sobhani and Harish Bahl, SingleInterface is a hyperlocal marketing and commerce platform. The platform offers a suite of products designed to simplify digital marketing, customer engagement, and e-commerce for clients across various sectors. SingleInterface’s solutions focus on enhancing the online-to-offline customer journey, optimizing customer experiences, and driving revenue growth.
Founder’s Vision: Tarun Sobhani, Co-founder and CEO of SingleInterface, expressed the company’s commitment to empowering its customers to achieve further growth and enhance customer experiences. He highlighted the platform’s success in delivering significant revenue growth for its clients, citing cases where SingleInterface contributed to 15-20% of their revenues.
Client Base and Expansion Plans: SingleInterface currently serves over 400 multi-location brands across various industries, including renowned enterprises like Apollo Tyres, HDFC Bank, KFC, Pizza Hut, Nissan, TVS Motors, Reliance, Tata, Aditya Birla, and Bajaj. The company aims to generate 65% of its revenue from India and 35% from Southeast Asia in the coming quarters. Additionally, SingleInterface plans to double its headcount to around 470 employees over the next four months to support its growth and expansion initiatives.