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Three State Ventures Leads $1.5 Million Investment in Nected

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Nected, a next-generation low-code, no-code platform based in Gurugram, has raised $1.5 million in a seed funding round. The round was led by Flipkart co-founder Binny Bansal’s Three State Ventures, with participation from Endurance Capital, Relentless VC, Climber Capital, Lykke Capital, and Forward Slash Capital.

Funding and Utilization

The startup plans to use the raised capital to enhance the platform’s usability, integrate advanced features, and scale operations internationally. The focus will also be on research and development to incorporate AI-powered features, streamlining the creation and iteration of data-driven workflows.

Founders’ Participation

More than 15 founders and CXOs joined the funding round. Notable participants included Nitin Gupta from PayU, Pallav Pandey from Uolo and Knowlarity, Archit Gupta from Clear, Tonmoy Shingal from Mettl, Ravi Bhushan from BrightCHAMPS, Akshay Saxena from Avanti Fellows, Puneet Kumar from Supr Daily, and Prashant Kumar from Unbxd.

Know About Nected

Founded in 2022 by Mukul Bhati and Prabhat Gupta, Nected provides a low-code, no-code platform with pre-built tech components that allow companies to build complex applications quickly. The platform helps businesses overcome inefficiencies and delays associated with traditional software development.

Nected claims to serve over 20 customers across 5+ countries, including TATA 1mg. The platform’s unique selling point is its user-friendly interface, which enables the creation of complex logic for millions of customers and real-time response capabilities.

Nected Leadership Comments

“Nected.ai is transforming software development. Our platform promotes collaboration between technical and non-technical teams, helping them achieve goals faster. This approach breaks down barriers and enables businesses to unlock the potential of their data and technology for impactful results,” said Prabhat Gupta.

“We envision technology as a growth catalyst, not a bottleneck. Nected.ai is dedicated to creating a seamless development experience that empowers organizations to iterate faster, reduce costs, and stay ahead of the curve. Our platform is a transformative force in software development,” added Mukul Bhati.

Investor Comments

Swarandeep Singh Kambo, General Partner at Lykke Capital, said, “We believe Nected’s flexible and seamlessly integrable cloud-native building blocks could be a game-changer in automating constant repetitive and iterative flows, which otherwise have tech bandwidth and expensive backend developers swamped, overall leading to delayed impact due to iterations not picked up or being slow in implementation.”

Kshitij Saxena, Founder and General Partner of Relentless VC, noted, “Tech bandwidth is always constrained. Using Nected allows CTOs to free up precious bandwidth from repetitive work by allowing business teams to iterate on their own.”

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