New Delhi, December 20, 2023 : SCOPE, the exclusive Invite Only networking platform for the startup ecosystem, announced its pivotal role in securing substantial funding for startups, totaling approximately $70 million during the October to December 2023 quarter. The funding initiatives, orchestrated through SCOPE App’s dynamic networking platform, have empowered innovative ventures to scale and realize their potential.
The SCOPE App has been instrumental in securing seed funding for numerous startups, playing a pivotal role in their financial journeys. Noteworthy is its contribution to securing $2.5 million for Wallex, a trailblazing fintech company, attracting key investors such as Strata and forging a strategic relationship with Intel.
In a separate success story, SCOPE aided Bruder, an emerging startup, in securing an impressive $6 million in seed funding. This financial backing came from investors Veronotre, Escala, and Strata, underscoring SCOPE’s unwavering commitment to supporting a diverse range of startups.
It’s worth noting that these funding endeavours have taken various forms, including equity, debt, and convertible notes, and SCOPE has ventured into a new revenue stream by facilitating fundraising for venture capitalists, connecting them with limited partners. This showcases SCOPE’s evolving role as a dynamic platform in the startup and investment ecosystem.
Appalla Saikiran, Founder & CEO of SCOPE, expressed, “SCOPE’s unwavering commitment to fostering innovation and fueling the growth of startups has manifested in a remarkable achievement. Through the dynamic networking prowess of SCOPE App, we are proud to announce our instrumental role in steering over $70 million in funding to diverse and visionary startups. This achievement highlights our dedication to empowering emerging ventures, enabling them to scale and realize their full potential.
“As we usher in a new era of collaboration and growth, SCOPE remains committed to driving positive change and innovation within the startup landscape, providing a catalyst for transformative success stories in the ever-evolving world of entrepreneurship.” Saikiran further added.
Corporate Comm India (CCI Newswire)
