Nected, a Software-as-a-Service (SaaS) startup, has successfully secured $1.5 million in a seed funding round. The investment was led by Three State Ventures, the venture fund of Flipkart co-founder Binny Bansal. The round also included contributions from Endurance Capital, Relentless VC, Climber Capital, Lykke Capital, and Forward Slash Capital.
Additionally, the funding round saw participation from over 15 founders and CXOs, including notable figures such as Nitin Gupta of PayU, Pallav Pandey of Uolo and Knowlarity, Archit Gupta of Clear, Tonmoy Shingal of Mettl, Ravi Bhushan of BrightChamps, Akshay Saxena of Avanti Fellows, Puneet Kumar of Supr Daily (acquired by Swiggy), and Prashant Kumar of Unbxd.
The funds will be allocated towards improving product usability, simplifying integrations with various technologies, and scaling operations to meet the increasing demands of their growing international customer base.
Nected’s platform facilitates collaboration between technical and non-technical teams, enabling them to achieve their objectives more efficiently. This innovative approach removes barriers and empowers businesses to leverage data and technology for significant outcomes, explained Prabhat Gupta, co-founder of Nected.
Founded in 2022, Nected offers a low-code, no-code platform equipped with pre-built technological components, allowing companies to quickly develop complex applications. By providing these ready-made components, Nected helps businesses avoid the inefficiencies and delays associated with traditional software development processes.
The platform is currently used by more than 20 customers across five countries, including the online pharmacy Tata 1mg. Despite a global developer pool exceeding 100 million, companies continue to experience tech talent shortages and face pressure to innovate swiftly and cost-effectively, according to the company. Three State Ventures, backed by Bansal’s personal capital, has invested in several prominent startups, including Curefoods, PhonePe, and Acko.
