Mumbai-based sales outreach platform Futwork has reportedly raised Rs 20.9 crore in a Series A round funds round led by the Michael & Susan Dell Foundation.
Artha Ventures, Simile Capital, SCI Bureaux, D2C Insider Angels and angel investor Abhishek Goyal also reportedly participated in the round.
Prior to this round, the startup raised $100 million in a seed round in 2022, led by Blume Ventures. The latest round brings its all-time fundraising to around $8.5 million.
Who invested how much?
The Michael & Susan Dell Foundation led the round with an investment of Rs 14.17 crore, while Artha Ventures, Simile Capital and others contributed the remaining amount.
Following the funding, the Michael & Susan Dell Foundation will hold a 19.92% stake in Futwork, while Simile Capital and Artha Ventures will own 10.08% and 5.64%, respectively.
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Futwork Offers
Founded in 2014 by Armaan Vananchal, Niranjan Nakhate and Sri Ganapathy, Futwork (formerly known as Frapp) Specializes in helping businesses establish and expand outbound calling teams with zero overhead costs.
The startup’s platform supports various telephony applications such as customer feedback collection, product demonstrations, and session scheduling. Futwork’s business model is designed to enable businesses to scale their outbound calling operations efficiently.
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