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Mailmodo raises 1.96 crore pre-seed funding

Bengaluru: Email marketing software platform Mailmodo has raised $270,000 (around Rs 1.96 crore) in a pre-seed fundraising exercise from investors including Titan Capital, First Cheque, Gameskraft, and AngelList.

Mailmodo, operated by Mailmodo Inc., says its platform helps businesses create interactive application-like emails to help drive better returns on email marketing campaigns.

The company was set up by Aquibur Rahman, Apurv Gupta, and Devyesh Tandon. The firm claims clients have seen a threefold rise in conversion rates from using its platform as opposed to traditional templates.

It will use the capital it has raised to build out its founding team, accelerate product development, and expand the reach to global markets.

Source
VCCiRCLE

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