Exly, a business management solution provider for knowledge professionals and creators, has secured $6.2 million in a funding round led by Chiratae Ventures. Existing investors Mayfield India and Venture Highway also participated in the round. This latest funding brings Exly's total capital raised to $8 million, following a previous seed funding round of $1.8 million.
Founded in 2018 by Suyash Sinha, Sidharth Rawat, Akhil Tripathi, and Swati Singh, Exly (formerly MyScoot) aims to empower knowledge professionals such as coaches, trainers, and course creators to streamline their operations and boost their productivity. The platform offers a suite of tools encompassing course building, appointment scheduling, marketing tools, customer relationship management (CRM), and lead capture and conversion features.
Exly claims to have witnessed significant user growth, with over 10,000 customers currently utilizing its platform. The company attributes this growth to its ability to help users achieve substantial revenue increases, reporting an average user revenue growth of 330% within a year.
The fresh capital injection will be primarily directed towards product development and customer acquisition efforts. Exly plans to leverage the funding to enhance its existing product offerings and introduce new features to cater to the evolving needs of its user base. Additionally, the company intends to utilize the resources to expand its customer reach and solidify its position in the market.
Exly's funding success story comes amidst a growing demand for business management solutions tailored specifically for knowledge professionals and creators. The increasing popularity of online learning platforms and the rise of the creator economy have fueled the need for tools that can assist individuals in managing their businesses effectively.
Exly is well-positioned to capitalize on this growing market trend with its comprehensive suite of business management tools and its commitment to user growth. The company's recent funding round signifies investor confidence in its potential to become a leading player in the creator economy landscape.