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xto10x Technologies, a scaling platform for growth-stage startups, has raised $25 million in its Series A round led by Binny Bansal.
The round also saw participation from 28 founders and senior leaders from the startup ecosystem in India and Southeast Asia.
“The funds raised will be primarily utilized to ramp up three core activities as learning programs, software tools, and operating capabilities, which will enable growth-stage startups to accelerate their scale-up journeys,” the statement said.
Commenting on the fundraise, Shashank Kumar, Co-founder of Razorpay, and one of the investors said, “xto10x is the only institution that provides systematic support to founders looking to scale up from Series A/B to the unicorn and beyond. We have found the xto10x offerings extremely relevant in our journey of building a high-growth and durable organization at Razorpay.”
“Our experience over the past two years has shown us that founders are looking for support to grow fast and build enduring companies. Doing deep operating work with startups and converting that experience into software tools and learning curriculum has helped us build strong momentum, driving 4X growth in the past year. Xto10x is already a profitable company,” Saikiran Krishnamurthy, Co-founder, xto10x Technologies added.
In 2021, xto10x had acquired SaaS-based HR-tech startup, Dockabl to expand its employee experience platform, and has worked with 200+ growth-stage startups across India and Southeast Asia in the past two years.