Event platform Zuddl has raised $13.5 million in a Series A round led by Alpha Wave Incubation followed by existing investors GrowX and Waveform Ventures.
The fund raised will be used to accelerate product development and scale globally, with a particular focus on the US market.
Founded by Bharath Varma and Vedha Sayyaparaju in May 2020, Zuddl is a SaaS platform which helps brands to host customizable virtual and hybrid events.
The Bengaluru-based startup claims to have grown by over 30X since its inception and worked with global brands such as Kellogg’s, Microsoft, Dicks Sporting Goods, BYJU’S, Grant Thornton, and NASSCOM amongst others.
Zuddl’s lead investor Alpha Wave Incubation is a $300 million venture fund, backed by DisruptAD, ADQ’s venture platform and managed by Falcon Edge Capital. The firm invests in early-stage tech-enabled start-ups in India and Southeast Asia.