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BW Businessworld

MergerDomo Raises USD 500K From existing And New Investors

MergerDomo aims to strengthen its deal sourcing platform by solving the funding and consulting gaps faced by startups and SMEs.

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MergerDomo, an online global tech-based investment banking marketplace, has raised USD 500K as a bridge round from existing investors including Nadir B Godrej, Chairman and Managing Director (MD), Godrej Industries.  

According to the official statement, in this round MergerDomo has raised funds from Nadir B Godrej and other individual investors, including industry veterans from sectors including Auto, Pharma, Retail, and ESDM.  

Nadir B. Godrej said, “I am delighted to be a part of the MergerDomo growth story. MergerDomo provides a modern, tech-enabled and efficient solution to SMEs/Startups for the challenges in their Organic/Inorganic growth journeys."

MergerDomo has recently closed 2 startup funding deals in superfoods and wellness companies, bringing its total to 5 deals this year. On the consulting front, they have closed over 19 deals to date and an SME deal flow of over USD 800 million on the platform.

Hormazd Charna, Founder, and CEO, MergerDomo, said, “We want to be recognised as the most trusted one-stop algo based platform that is helping startups and small and medium-sized enterprises (SMEs) to connect with the right investors and advisors. Companies are coming to us for the resources, advice, and reach that we extend in deal-making. The fresh funds will help us to further strengthen our platform and significantly boost our ability to meet the expectations of our users.” 

The startup plans to utilise the fresh capital for strategic investments such as technology upgrades, moving from algo based systems to AI/ML, team expansion, and marketing activities. The company plans to boost its tech-based offerings by developing advanced features to facilitate merger and acquisitions (M&A), Private Equity, Debt & JV transactions. MergerDomo already has in-house funding-related tech tools like the Quick Startup Algo-based Assessment Tool (QSAAT) to check startups funding readiness.  

They are also looking to raise the next round of USD 1 million in the coming months. In the next three years, MergerDomo plans on growing its global footprint to 15 countries. The company currently has country representatives in the UK, Singapore, and S. Korea, according to the statement. 

Tags assigned to this article:
MergerDomo investors Nadir B. Godrej Hormazd Charna