Medront raised INR 1.06 Cr in a Pre-Seed Round led by Inflection Point Ventures to enhance product development and user acquisition.

Aug 29, 2024•over 1 year ago

Amount Raised

₹10.6 Million

Round Type

seed

MumbaiBig DataSoftwareAnalytics

Investors

Inflection Point Ventures

Description

User data storage startup Medront has successfully raised INR 1.06 Cr in a Pre-Seed Round led by Inflection Point Ventures. The funds will be used for product development, growth efforts, and user acquisition to strengthen their position in the consumer data management space.

Company Information

Company

Medront

Location

Mumbai, Maharashtra, India

About

Medront Datalabs is a user data storage startup founded in 2023 that empowers individuals with control over their personal data through innovative data pods. The company aims to provide consumers with real ownership of their data while giving brands an alternative to tech giants' monopolies. With over 20,000 users and partnerships with 20 brands, Medront is rapidly establishing itself in the consumer data management space. The startup focuses on developing data products driven by user feedback and integrates extensively with major platforms.

Related People

2 contacts

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends