IntrCity raised Rs 37 crore in a funding round led by Mirabilis Investment Trust and with participation from Nandan Nilekani’s family trust, Omidyar Network India, and Ujamaa Ventures.
Feb 29, 2024•almost 2 years ago
Amount Raised
₹370 Million
Round Type
seed
Noidainformation technology & servicesTransportationInvestors
Samsung Venture InvestmentBlume VenturesUjamaa VenturesOmidyar Network IndiaNandan Nilekani’s Family TrustMirabilis Investment Trust
Description
IntrCity announced a funding round of Rs 37 crore led by Mirabilis Investment Trust, with participation from existing investors like Nandan Nilekani’s family trust, Omidyar Network India, and Ujamaa Ventures. The funding round brought the company to a higher valuation than the previous round, and it aims for significant revenue growth and expansion in the upcoming years.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech