HomeFunding AlertFunding: Zeda.io Raises $1.6M Pre-Series A Round

Funding: Zeda.io Raises $1.6M Pre-Series A Round

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A Product management platform, Zeda.io has raised $1.6 million in pre-Series A round from existing investors BEENEXT, Paradigm Shift Capital, Goenka family group-led Radiant SFO, along with a slew of reputed angel investors.

Zeda.io claims the fresh fund will be utilized to expand business across North America and Europe, as well as for hiring across teams product, engineering, and business.

Zeda.io previously raised its seed round of $1.2 million back in January 2022 led by BEENEXT, Binny Bansal-backed 021 Capital, Whiteboard Capital, FirstCheque.vc and Paradigm Shift Capital.

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The Bengaluru-based Zeda.io is live with over 30 companies from around the world across India, the USA, Indonesia, Australia, Singapore, etc.

“We are truly excited to go live with our product and foster creativity among companies and PMs by simplifying product management. The funds will enable to us scale as well as accelerate our growth plans as we move to the next phase. We are grateful for the support of our repeat and new investors as we work together on Zeda.io’s redefining and simplifying Product Management,” said Prashant Mahajan, founder, Zeda.io.

“Zeda.io has been working closely with the community since its inception to develop and refine its product. “The team has identified the pain points of PMs around the world and succeeded in delivering a truly unique global product,” said Hero Choudhary, managing partner of BEENEXT.

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Founded in 2021 by Prashant Mahajan and Vaibhav Devpura, Zeda.io is on a mission to make product management simpler, and smarter and help PMs globally build quality products. The platform’s originality lies in its ability to combine various processes into one platform, i.e. modules required to build and work with various other tools, templates, and daily management, while also engaging with different stakeholders.

About Zeda.io

Zeda.io plans to develop machine learning algorithms that can automate, optimize, and analyze services, a feature that is currently not available on any product management tool on the market. Zeda.io also plans to assist PMs in displaying their work and learning from others’ work, similar to the designer community on Figma and the developer community on GitHub, making product management open-sourced for personal and side projects.

Read Also: Funding: The Health Factory Raises INR 2 Cr in Seed Round

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