Nected, a next-generation low-code, no-code platform, has successfully raised $1.5 million in seed funding. The funding round was led by Binny Bansal’s Three State Ventures and saw participation from a diverse group of investors, including Endurance Capital, Relentless VC, Climber Capital, Lykke Capital, and Forward Slash Capital. Additionally, over 15 founders and CXOs participated, including notable figures like Nitin Gupta from PayU, Pallav Pandey from Uolo and Knowlarity, Archit Gupta from Clear, Tonmoy Shingal from Mettl, Ravi Bhushan from BrightCHAMPS, Akshay Saxena from Avanti Fellows, Puneet Kumar from Supr Daily (acquired by Swiggy), and Prashant Kumar from Unbxd.
“Nected.ai is redefining how software is developed,” said Prabhat Gupta, Co-founder of Nected. “Our platform fosters collaboration between technical and non-technical teams, enabling them to achieve their goals faster. This innovative approach breaks down barriers and allows businesses to unlock the full potential of their data and technology to drive impactful results.”
Mukul Bhati, Co-founder of Nected, echoed this sentiment, adding, “We envision a future where technology is a catalyst for growth and innovation, not a bottleneck. Nected.ai is dedicated to creating a seamless development experience that empowers organisations to iterate faster, reduce costs, and stay ahead of the curve. Our platform is not just a tool; it’s a transformative force in the software development landscape.”
The seed funding will be strategically utilized to enhance product usability, simplify integration with various technologies, and scale operations to meet the growing demands of Nected’s expanding user base, particularly on the international front. Nected also plans to invest in research and development to integrate AI-powered features into their existing building blocks, further streamlining the creation and iteration of data-driven workflows.
Swarandeep Singh Kambo, General Partner at Lykke Capital, commented on the investment, saying, “We believe Nected’s flexible and seamlessly integrable cloud-native building blocks could be a game-changer in automating constant repetitive and iterative flows, which otherwise have tech bandwidth and expensive backend developers swamped, overall leading to delayed impact due to iterations not picked up or being slow in implementation.”
Kshitij Saxena, Founder and General Partner of Relentless VC, also expressed enthusiasm for Nected’s potential, stating, “Tech bandwidth is always constrained. Using Nected allows CTOs to free up precious bandwidth from repetitive work by allowing business teams to iterate on their own.”
Nected aims to revolutionize the software development industry by helping businesses overcome inefficiencies and inherent delays in traditional development processes. The platform provides pre-built tech building blocks such as rule engines, workflow automation, and A/B testing tools, allowing companies to save time and money while reducing the need for additional technical expertise. Instead of building software from the ground up, businesses can use these ready-made parts to assemble their software quickly and efficiently, cutting development timelines from weeks or even months to mere hours.
In 2020, the software development industry was valued at over $390 billion. Despite a global developer pool of over 100 million, companies still face tech shortages and the pressure to innovate rapidly with minimal cost inputs. Nected’s founders, Prabhat Gupta and Mukul Bhati, are on a mission to transform this trillion-dollar industry. The platform, which began its journey in 2022, aims to democratize technology and liberate valuable tech resources from repetitive tasks. By making software development accessible to all teams, including non-tech ones, Nected is empowering businesses to build and iterate on complex workflows quickly, experiment more readily, and achieve faster innovation at significantly lower costs.
Prabhat Gupta previously co-founded TravelTriangle, an online travel marketplace, in 2011, scaling it to 9M+ MAU and $150M+ in annual sales before exiting in 2020. Mukul Bhati co-founded FastFox, a real-estate company, in 2015, which was sold to Elara Group (the parent company of Housing.com) in 2019.
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