SaaS startup ProfitWheel has recently secured a total capital raise of $3 million in its seed round.
With the new investment, ProfitWheel is poised to fill the gaps created by the latest changes in the adtech ecosystem, the company stated.
ProfitWheel acquired 50 percent of the total investment amount from Netcore Cloud, a leading acquisition, engagement and retention company, and from ProfitWheel co-founder, Vivek Bhargava. The remaining investment came from over 15 angel investors including Vallabh Bhansali of Enam Group, KRS Jamwal of Tata Group, Dinesh Agarwal from Indiamart, Prashant Gulati - Investor and Trustee, Tie Global Board, Rizwan Koita, Jagdish Mathur of CitiusTech, Jimmy Mahtani from Baring Private Equity Asia, and Harish Bhal and Manish Vij of the Smile Group.
