Exly, a Business Tools Provider, Gains Traction with Series A Investment
Exly, formerly known as MyScoot, a provider of essential business tools, has successfully secured $6.2 million in a recent funding round led by Chiratae Ventures. This round also saw the continued support of existing investors Mayfield India and Venture Highway, demonstrating a solid vote of confidence in Exly’s vision and potential.
The capital infusion is earmarked for bolstering Exly’s product offerings and intensifying efforts to acquire customers. Founded in 2021 by Suyash Sinha, Sidharth Rawat, Akhil Tripathi, and Swati Singh, Exly has swiftly carved a niche by empowering businesses to streamline operations and elevate productivity.
Exly’s offerings include versatile tools such as course builders, appointment schedulers, marketing solutions, customer relationship management (CRM) systems, and lead-capturing conversion tools catering to the needs of creators and solo entrepreneurs across various industries.
With a clientele boasting over 10,000 customers, Exly’s platform has found resonance among business coaches, fitness professionals, astrologers, dance choreographers, and digital marketers. This diverse clientele underscores the versatility and adaptability of Exly’s solutions in addressing the unique needs of different sectors.
Having previously secured $1.8 million in seed funding and being part of Y Combinator’s winter 2019 batch, Exly has demonstrated steady growth and a robust trajectory. The latest funding round signifies a significant milestone for the company, validating its market potential and positioning it for further expansion and innovation.
Suyash Sinha, co-founder of Exly, expressed enthusiasm about the funding round, stating, “This investment marks an exciting phase for Exly as we continue to innovate and enhance our offerings to meet the evolving needs of our customers. With the support of Chiratae Ventures and our existing investors, we are poised to scale new heights and drive greater value for our users.”
The backing of prominent investors like Chiratae Ventures, coupled with Exly’s track record of delivering tangible results for its customers, underscores the company’s confidence in its ability to disrupt the business tools landscape and emerge as a leader in the space.
As Exly gears up to deploy the freshly raised capital towards fueling its growth initiatives, the company remains steadfast in its commitment to empowering businesses with intuitive, user-friendly solutions that unlock their full potential and drive success in today’s dynamic business environment.
