xto10x Technologies Pvt Ltd, which runs scaling platform xto10x Technologies, on Wednesday said it has raised series A round of funding of $25 million (around Rs 187 crore) led by its Co-Founder Binny Bansal, who also founded Flipkart.
The round also saw participation from a clutch of undisclosed 28 founders and senior leaders from the startup ecosystem in India and Southeast Asia.
The platform plans to deploy the fresh capital to ramp up learning programs, software tools and operating capabilities, which will drive early-stage startups scale their operations.
xto10x Technologies was founded in 2018 by Binny Bansal (Co-founder, Flipkart), Saikiran Krishnamurthy (Ex-McKinsey, Flipkart & Ola), and Neeraj Aggarwal (Ex-Flipkart & Cure.Fit) with the vision of helping startups scale into world-class companies. The company offers learning programs, operating services and software-as-a-service (SaaS)-based solutions for startups.
Over 100 startups use xto10x’s software tools - 10xGoals (OKRs), 10xPeople (eNPS) and 10xPerformance (performance management).
“Our experience over the past two years has shown us that founders are really looking for support to grow fast and build enduring companies.
Doing deep operating work with startups and converting that experience into software tools and learning curriculum has helped us build strong momentum, driving 4X growth in the past year. In fact, xto10x is already a profitable company,” said Saikiran Krishnamurthy, Co-Founder, xto10x Technologies.
xto10x, in a statement, said that more than 100 startups use its software tools such as 10xGoals (OKRs), 10xPeople (eNPS) and 10xPerformance (performance management).
The company claims that seven out of 24 companies from their 10xAcademy founders’ program turned into unicorns (private companies with over $1 billion valuations).
In 2021, xto10x had acquired SaaS-based HR-tech startup, Dockabl to expand their employee experience platform.
