Total amount raised
$30 Million
Latest funding date
01/01/2022
Location
Kutumb has successfully navigated six funding rounds, attracting the support of 21 investors, including Superb Capital and Sunn91 Ventures. The platform serves as a social community enabler, designed to help organizations manage their activities and members more effectively.
Keep reading to explore the intricacies of Kutumb's fundraising journey and the investors backing this innovative platform.
What Is Kutumb?
Kutumb, based in Bengaluru, Karnataka, India, operates within the Internet and Social Network industries. The company employs between 101-250 people and focuses on enabling social communities through its platform.
Founded to help organizations manage their activities and members more effectively, Kutumb has grown significantly, attracting numerous investors and raising funds through multiple rounds. The platform offers features like membership management, committee creation, post feeds, and social discussions, making it a valuable tool for community management.
How Much Funding Has Kutumb Raised?
- Pre-Seed Round
- Amount Raised: INR 35,000,000
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the platform and establish a strong foundation for future growth.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue the initial development and expand the team.
- Seed Round
- Amount Raised: INR 150,000,000
- Date: December 2020
- Lead Investors: Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance its features for better community management.
- Series A Round
- Amount Raised: USD 1,000,000
- Date: May 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its user base.
- Series A Round
- Amount Raised: USD 26,500,000
- Date: June 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance platform capabilities.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing development and market expansion.
Total Amount Raised: USD 27,500,000
Current Valuation: Not publicly disclosed
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a private equity firm that led the Series A funding round for Kutumb with an investment of $18.5 million. The firm is known for its investments in technology and internet companies.
- Investment Focus Areas: Technology, Internet, Software
- Notable Investments: Facebook, LinkedIn, Spotify
- Surge
- Details: Surge is Sequoia’s accelerator program, which supports early-stage startups in India and Southeast Asia. Kutumb was part of the fourth cohort of this program.
- Investment Focus Areas: Technology, Consumer Internet, Fintech
- Notable Investments: Khatabook, Classplus, Doubtnut
- Quiet Capital
- Details: Quiet Capital is a venture capital firm that participated in Kutumb's Series A funding round. The firm focuses on early-stage investments in technology companies.
- Investment Focus Areas: Technology, SaaS, Fintech
- Notable Investments: Notion, Airtable, Figma
- Rocketship VC
- Details: Rocketship VC is a venture capital firm that invests in data-driven startups. They were part of Kutumb's Series A funding round.
- Investment Focus Areas: Data, AI, Technology
- Notable Investments: Carta, Scale AI, Razorpay
- Better Capital
- Details: Better Capital is an early-stage venture firm that invests in technology startups. They participated in Kutumb's Series A funding round.
- Investment Focus Areas: Fintech, SaaS, Consumer Internet
- Notable Investments: Open, Khatabook, Teachmint
What's Next for Kutumb?
With a significant opportunity to expand into non-English speaking markets, Kutumb is poised to tap into a vast and growing user base. The platform's community-specific features are expected to drive increased engagement, positioning Kutumb as a leading community networking platform in India.
Future fundraising opportunities appear promising, given the strong interest from venture capitalists and private equity firms. Continued growth and user engagement could attract more investors, providing the financial backing needed to scale operations and enhance platform capabilities.
However, Kutumb may face challenges such as competition from other social networking platforms and ensuring user privacy and data security. Maintaining user engagement and platform relevance will be crucial as the company navigates these hurdles.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Kutumb and gather other critical business insights. Sign up for free to start enhancing your sales strategies today.
