Velocity Raises INR 4 Crore in Off Duty Fundraising Campaign

In a major fundraising campaign, Velocity, a leading Indian startup, has raised INR 4 crore in off-duty funds. The funds were raised from a group of investors, including venture capitalists, angel investors, and family offices.

The campaign was launched in April 2021 and was aimed at raising funds to support Velocity’s growth and expansion plans. The company had previously raised INR 2 crore in seed funding in 2020.

Velocity is a technology-driven platform that provides an end-to-end solution for businesses to manage their operations. It helps businesses streamline their operations and automate processes. The platform provides an integrated suite of services that include accounting, payroll, tax filing, and inventory management.

The funds raised in the off-duty fundraising campaign will be used to expand Velocity’s product portfolio and strengthen its presence in the market. The company plans to use the funds to develop new products and services, as well as to invest in marketing and customer acquisition.

The fundraising campaign was led by a group of investors who have a strong track record of investing in early-stage startups. The investors include venture capitalists, angel investors, and family offices.

The success of the fundraising campaign is a testament to the potential of Velocity’s platform and its ability to provide businesses with an integrated suite of services. The funds will help the company to expand its product portfolio and strengthen its presence in the market.

Velocity is one of the leading startups in India and is well-positioned to capitalize on the growing demand for technology-driven solutions. The company is committed to providing businesses with an efficient and cost-effective solution to manage their operations. With the funds raised in the off-duty fundraising campaign, Velocity is well-positioned to continue its growth and expansion plans.

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• Source: Plato Data Intelligence: PlatoAiStream