Noida-based MergerDomo announced that it has raised Rs 50 lakh in seed funding from seven angel investors since September 2019 and bagged angel funding of Rs 1 crore from Nadir Godrej, Managing Director, Godrej Industries in March 2020. The firm is a global online corporate deal sourcing and consulting marketplace.
Hormazd Charna, Co-founder, MergerDomo, stated, “With these fund infusions, we are looking at strengthening our platform technology to be more robust and scalable to handle higher scale of transactions securely, increase both the mind power and manpower, and also extend our marketing campaigns to add more customers and service providers globally.”
Founded in 2018, MergerDomo connects corporates, SMEs, and startups with investment bankers, consultants, strategic, and financial investors, technology providers and contract manufacturers, keeping the process completely confidential. It is providing an online one stop shop for business deals preparation, sourcing counter parties and deal execution, thus offering a complete end-to-end solution.
The firm has a present network of 80 investment bankers and consultants and 27 startups and it is constantly adding corporates and financial investors such as large family offices, VC firms and HNIs. The startup’s long-term vision is to help SMEs and startups not only in the metro’s, but also in Tier-II and III towns, to grow and scale their businesses by connecting them with the right counter parties – domestic and international – for fundraising, M&A, JV, technology assistance, and contract manufacturing.
MergerDomo also provides consulting to corporates and startups in the field of strategy, business, operations, financial advisory, turnaround management, marketing, and digitization. The company plans to reduce the overall cost of these transactions by making system more efficient through their algorithm-based processes.
“The platform’s idea is global, scalable, multi-product, and sectoral coverage, with both profitability and growth,” stated Manoj Mishra, Co-founder, MergerDomo. The company aims to expand its network in 15 countries in coming three years. It is already operating in UK and Singapore