Hubbler, a no-code platform raises $1.50 million from Artha Venture Fund, Unicorn India Ventures, and LenDenClub Alpha in seed round. This is the first external funding round for the startup.
Hubbler will use these funds to enter new markets globally and increase its user base. The company plans to increase the number of transactions by 10 times in the next 12 months.
“No-code demand is growing rapidly, and we are seeing opportunities waiting to get explored. We plan to expand in the international market and process 10 times higher transactions by 2023. The funds we have raised in the seed round will enable us to do just that. More than the funds, we are looking forward to the strategic contributions of Artha, Unicorn, and LenDenClub Alpha in propelling us toward our goals,” Hubbler Founder Vinay Agrrawal said.
“The funding round is a validation of the value we are creating, as one of our customers (LenDenClub) has participated in the round,” Vinay added.
Anirudh Damani, Managing Partner of Artha Venture Fund, said, “The back end of developing complex applications has been a hurdle in scaling a business, a problem valued at $11.45 billion in 2019 before the hyper-scale achieved in the pandemic. Hubbler is tapping into this nascent market with a founding team with deep operating knowledge and a stellar drive. I will be surprised if Hubbler does not create a global footprint!"