Binny Bansal Leads $25M Funding Round in Her Venture xto10x Technologies

Bengaluru: Flipkart co-founder Binny Bansal has led a new $25 million investment round in his own startup, xto10x Technologies, a scaling platform for growth-stage businesses, according to a statement. prepared on Wednesday. The funding round also saw the participation of 28 founders and executives from across India and Southeast Asia.

The funds will be used primarily for acceleration – learning curriculum, software tools and operational capabilities – which will enable growth-stage startups to accelerate their scaling journeys, according to a company statement.

“Our experience over the past two years has shown us that founders are really looking for support to grow quickly and build sustainable businesses. “Learning has helped us build strong momentum, quadrupling growth over the past year. In fact, xto10x is already a profitable business,” said Saikiran Krishnamurthy, co-founder of xto10x Technologies.

Bansal and his former Flipkart executive, Krishnamurthy, launched xto10x Technologies in 2018. Currently, Bansal serves as co-founder and executive chairman of the company.

“At least for the foreseeable future, we plan to be an investor-agnostic platform, as we are still in the early stages of product development and need to undergo trial and error for our solutions and expansion. today we work with all the big venture capital firms that hold hands with their startups,” Krishnamurthy added during the inside round in an interaction with ET.

Last year, xto10x acquired Dockabl, a SaaS-based HR tech startup, to expand its employee experience platform.

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So far, xto10x has worked with over 200 growth-stage startups in India and Southeast Asia.

“xto10x is the only institution that provides systematic support to founders looking to transition from series A/B to unicorn and beyond. We have found the xto10x offerings extremely relevant in our own journey,” said Shashank Kumar, co-founder of Razorpay and one of the investors of xto10x.

In the learning segment, seven of the 24 companies in their 10xAcademy’s Founder Program are now unicorns, according to the company.

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