Saas startup Loopin, based in Bengaluru and Seattle, announced on Wednesday that it had raised $ 820,000 in his seed round, led by Venture Highway. Other investors, including First Check and some angel investors, also participated in this round.
The product is currently in the beta phase at selected companies and will be launched later this year, the company announced.
The platform will use the capital raised from this seed round to further develop the product and expand the team.
Founded in April 2021 by BITS Pilani alums, Anurag Varma, Parth Pareek, and Mehul Dudi, Loopin is a new age calendar-based productivity platform for today’s professionals.
Co-founder of Loopin
Loopin turns the calendar into a productivity hub that enables users to manage their work day by automating tasks, deadlines, follow-ups, notes, and tangible insights from meetings that lead to meaningful results.
Anurag Verma, Co-Founder and CEO, Loopin said:
“With the dispersed workforce blurring the lines and employees having more flexible schedules, there is an urgent need to focus on performance, not hours. Loopin solves this and offers a simple solution to make your work day more effective. We are happy about the result of our fundraising campaigns. The trust of our investors is proof of the very real and required solution that the Loopin platform brings to the market. “
“Calendar is a dashboard that shows how you spend your time at work. And yet it’s surprising that its use is limited to scheduling events. We look forward to building a new way of your day We received early encouragement feedback on the platform and how it is helping both individuals and teams get the most of their day. We look forward to getting started soon and incorporating Loopin into every executive’s workflow, “added Parth Pareek, Co-Founder, Loopin.
Comment on the investment, Priya Mohan, Startup Sensei at Venture Highway, specified,
“I live in my calendar! While it’s the most important tool, it’s also something that has stayed that way with little reinvention and innovation. For at least 50 percent of my calendar slots, I ask myself about the context, the past action element and the relevance for today’s meeting. For people in whom time is constant, calendars, when rethought, can add significant productivity and put time back in our hands. That is the goal of Loopin to give back time by redesigning your calendar. “
“As a Venture Highway alum, I have first-hand insight into Anurag’s product thinking and the founding team is well equipped to solve this problem. We wish you much success!”