Mumbai: With large ambitions to unlock the $100 billion mar-tech opportunity that’s not being correctly addressed at this moment in time, serial entrepreneurs Sidharth Rao and Madhu Sudhan have raised their first round of capital from prominent angel investors & entrepreneurs to kickstart operations of their new venture, Punt Partners.
The first raise featured prominent names from the world of media and advertising, marketing, Internet founders and leading funds. These include Haptik co-Founder Aakrit Vanish, T2D3 Capital partner Abishek Surendran, CleverTap co-founder Anand Jain, People Group founder Anupam Mittal, Patni Financial Advisors managing director Arihant Patni, Helion Advisors managing director Ashish Gupta, BookMyShow CEO Ashish Hemrajani, Flip.ai founder Deap Ubhi, MakeMyTrip founder Deep Kalra, Aarby Ads co-founder Gulrez Alam, Harish Bahl and Manish Vij of Smile Group, CRED founder Kunal Shah, Point One Capital partner Mihir Jha, Miten Sampat of CRED, IdeaCafe founder Nabendu Bhattacharya, Bookmyshow co-founder Parikshit Dar, Redbus founder Phanindra Sama, JetSynthesys founder & CEO Rajan Navani, Mojocare co-founder Rajat Gupta, Netcore founder Rajesh Jain, Point One Capital managing partner Ravish Ratnam, MMA Global managing director Rohit Dadwal, Invideo co-founder Sanket Shah, Future Brands managing director Santosh Desai, Policybazaar CEO Sarbvir Singh, Pixis.ai co-founder Shubham Mishra, Clevertap co-founder Suresh Kondamudi, ProfitWheel co-founders Vivek Bhargava and Gautam Mehra. The round also saw participation from funds like Point OneCapital, Namma Capital and Real Time Angel Fund along with creative agency Talented.
PolicyBazaar CEO of & investor director on the board of Punt Partners Sarbvir Singh, said, "I have worked with Sudhan and Rao closely in the past as an investor and board member at Webchutney and as an investor in Sudhan’s previous startup as well. I have no doubt that Punt Partners is poised to capitalize on the opportunities that the evolving digital landscape is creating. Currently the mar-tech offering is fragmented globally. With their prior experience in starting up, managing large teams combined with their execution capabilities, I am sure Punt Partners will create a strong impact in the market soon and I cannot wait to see their journey unfold.”
In a joint statement Sudhan and Rao said, "We are thrilled to have such a high quality set of investors bullish about the opportunity at hand. The process of fundraising itself becomes an experience full of value-adds when you’re sitting across the table with seasoned angel investors and successful entrepreneurs like the ones we’re dealing with, many of whom we consider our friends. This round of capital infusion directly goes towards accelerating our global team expansion & operations rapidly.”
They added, “Our immediate focus is to close some strategic partnerships, which we will be announcing in the coming months. We specially want to thank our former colleagues and friends who believed in our vision and decided to participate in this round.”
