Exly, formerly known as MyScoot, has successfully secured $6.2 million in its latest funding round. The investment drive was spearheaded by Chiratae Ventures, a leading venture capital firm, with continued support from existing investors Mayfield India and Venture Highway.
The funding infusion marks a major milestone for Exly, a provider of essential business tools tailored to the needs of entrepreneurs and solo professionals. With this substantial capital injection, the company aims to accelerate its growth trajectory, enhance its product offerings, and expand its reach in the competitive market landscape.
Founded in 2021 by a team comprising Suyash Sinha, Sidharth Rawat, Akhil Tripathi, and Swati Singh, Exly has quickly gained recognition for its innovative suite of solutions designed to streamline operations and boost productivity. The platform offers a wide array of tools, including course builders, appointment schedulers, marketing solutions, customer relationship management (CRM) systems, and lead capture and conversion tools.
Exly’s appeal lies in its versatility, catering to the diverse needs of professionals across various industries. From business coaches and fitness experts to astrologers, dance instructors, and digital marketers, the platform provides tailored solutions to help individuals effectively manage their businesses and engage with clients.
The latest funding round underscores the growing investor confidence in Exly’s potential to disrupt the business tools market. With a user base exceeding 10,000 customers, the company has demonstrated its ability to deliver tangible value and address the pain points of its target audience effectively.
Commenting on the successful funding round, Suyash Sinha, Co-founder and CEO of Exly, expressed gratitude for the continued support from investors and emphasized the company’s commitment to driving innovation and empowering entrepreneurs. Sinha stated, “This funding represents a significant milestone for Exly, validating our vision to democratize access to essential business tools and support the growth of small businesses and solo professionals.”
Chiratae Ventures, the lead investor in the funding round, commended Exly for its relentless pursuit of excellence and its focus on customer-centric solutions. Karan Mohla, Partner at Chiratae Ventures, highlighted the strategic significance of Exly’s offerings in today’s digital-first economy, stating, “We believe Exly is well-positioned to capitalize on the growing demand for intuitive, user-friendly business tools, and we are excited to partner with them on their journey.”
The funding round builds upon Exly’s previous successes, including a $1.8 million seed funding round and its participation in Y Combinator’s winter 2019 batch. These milestones have propelled the company’s growth and positioned it as a formidable player in the competitive startup landscape.
Looking ahead, Exly plans to leverage the newly secured funding to fuel its expansion efforts and ramp up its product development initiatives. The company aims to enhance its existing offerings, introduce new features, and invest in marketing and customer acquisition strategies to further scale its operations.
In addition to product development, Exly remains committed to fostering a vibrant community of entrepreneurs and solo professionals. Through educational resources, networking opportunities, and personalized support, the company seeks to empower its users to achieve their business goals and unlock their full potential.
The successful funding round comes at a time of rapid digital transformation, with businesses increasingly relying on technology to drive growth and innovation. As the demand for intuitive, user-friendly business tools continues to rise, Exly is poised to emerge as a trusted partner for entrepreneurs seeking to navigate the complexities of the modern business landscape.
