Dubai, UAE – Cultos Global, a promising Web3 startup based in Dubai, has secured an undisclosed amount of funding in its latest investment round. The investment comes from a consortium of influential industry leaders, including Sameer Mehta, founder and CEO of Boat; Tarun Katial, founder and CEO of Coto; Ashwath Bhat, finance head at Fractal Analytics; and Vijay Ratnaparkhe, director of Bosch Southeast Asia.
Vijay Ratnaparkhe joined the company’s advisory board, further reinforcing his commitment to Cultos Global’s vision.
This recent capital infusion is poised to fuel Cultos Global’s expansion efforts, enabling it to scale its product and engineering teams in the UAE and India. Additionally, it will expedite the development of its innovative platform, integrating a wide range of state-of-the-art features.
Collaborating with such distinguished investors, an array of San Francisco-based stakeholders, and existing backers underscores the growing confidence in Cultos Global’s mission to revolutionize how brands engage with their customers.
Cultos Global Co-Founder and Chief Business Officer Adib Samara expressed his excitement about the company’s vision, stating, “Cultos Global is reshaping brand-customer engagement by introducing an extravagant, unified platform that seamlessly combines digital marketing and guest rewards systems, transforming passive consumers into a community of active nano-influencers.”
Cultos Global empowers brands with the tools to establish their brand tokens and swiftly set up their rewards systems. This approach cultivates ground-up adoption, increasing operational efficiency, higher conversion rates, and enhanced sales.
Pavan Govindan, Co-Founder and CEO of Cultos Global expressed delight in the investment from prominent angel investors. He noted, “Cultos Global is thrilled and excited to have industry leaders on board as we scale up our journey to provide brands with the ability to effectively bring their rewards, loyalty, and influencer marketing to Web3. This will grant brands access to first-party data, bolstered by advanced security and enhanced privacy for end-users. With strategic investors to inspire our vision, we are now even more confident in establishing Cultos Global as the preferred Web3 wallet for some of the world’s largest brands.”
Tarun Katial, a fervent advocate of Web3 technology, lent his support, stating, “Cultos Global operates within an ecosystem that prioritizes end-user privacy while providing incentives and empowering brands to engage more effectively. I firmly believe that next-generation loyalty will be pivotal, and Cultos Global stands at its core with its proven Web3 technology.”
Cultos Global’s latest funding round marks a significant milestone in the company’s journey to redefine brand-customer interactions in the ever-evolving digital landscape. With the backing of industry titans and a commitment to technological innovation, Cultos Global is poised to shape the future of brand engagement in the Web3 era.
