MergerDomo, a Noida-based global online M&A marketplace for Corporate and Business Growth, announced that it has raised Rs 50 lakh seed funding from seven individual investors and secured an angel funding of Rs 1 crore from Nadir Godrej, MD, Godrej Industries, according to YourStory report.
The startup will utilise the fund infusion to scale its business. MergerDomo said that it has plans to have a presence in 15 countries around the world in the next three years. It already has its presence in the UK and Singapore.
Commenting on the fundraise, Hormazd Charna, Co-founder, MergerDomo, said, “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.”
“The platform’s idea is global, scalable, multi-product, and sectoral coverage, with both profitability and growth,” added Manoj Mishra, Co-founder, MergerDomo.
Founded in 2018, MergerDomo connects corporates, SMEs, and startups with investment bankers, consultants, strategic, and financial investors, technology providers and contract manufacturers, keeping confidentiality at the heart of it. It provides an online one stop shop for business deals preparation, sourcing counter parties and deal execution, thus offering a complete end-to-end solution.
MergerDomo claims to have a network of 80 investment bankers and consultants, 27 startups, and is aggressively adding corporates and financial investors such as large family offices, venture capital 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.
Consulting services are also offered to corporates and startups in the field of strategy, business, operations, financial advisory, turnaround management, marketing, and digitisation, the startup said. The endeavour is to reduce the overall cost of these transactions by bringing in efficiency through their algorithm-based system, the company claims.