User engagement platform CometChat has raised Rs 40 crore in a venture debt round led by Utah-based Zions Venture Fund.
The funds will be used to scale its product offerings, strengthen its presence in Europe, and expand data centres in the APAC region, CometChat said in a statement. "The aim is to raise capital for an extended runway of five years," said Anuj Garg, Co-founder and CEO, CometChat.
Founded by brothers Anuj and Anant Garj in 2019, the Denver- and Mumbai-based startup has raised Rs over 145 crore till date. It is backed by investors including Signal Peak Ventures, Matchstick Ventures, Range Ventures, and Unbound Ventures.
