SingleInterface, a leader in the ‘hyperlocal marketing-to-commerce’ software sector, announced a $30 million financing in its first-ever external fundraising round. Asia Partners, a Singapore-based growth equity investment firm focused on investments in high-growth technology and technology-enabled companies, led the round. And PayPal Ventures, the venture arm of PayPal, also participated.
Launched by serial entrepreneurs Tarun Sobhani and Harish Bahl, the Founder of Smile Group, SingleInterface was recognized as a leading SaaS platform in Asia with an integrated product suite powering digital marketing, customer engagement, and e-commerce for multi-location enterprise brands. And the company has been instrumental in empowering such brands to harness the potential of digital marketing and e-commerce to drive growth for their local touchpoints.
SingleInterface will use the funding for three key priorities: further to consolidate a leadership position in its category in Asia, to extend its reach worldwide, and to continue deepening its portfolio of hyperlocal marketing, engagement, and commerce products, especially around advanced audience segmentation and personalized re-engagement.
KEY QUOTES:
“Our suite of products has proven to deliver remarkable revenue growth for our clients, accounting in some cases for 15-20% of their revenues. We are committed to further invest in building our portfolio of AI-driven marketing and commerce enabling products. We are on a mission to empower our customers to drive further growth, enhance the customer experience, and provide rich business insights and context across their different locations, enabling them to grow and win locally.”
– Tarun Sobhani, Co-founder and CEO of SingleInterface
“With more than 400 million local businesses worldwide, SingleInterface has immense untapped potential in the global market. With this funding, we are poised to tap into new markets and further solidify our position as a global leader in enabling marketing and commerce capabilities for multi-location enterprise brands through our product suite.”
– Harish Bahl, Co-founder and Chairman of SingleInterface
“We are thrilled to be partnering with Tarun, Harish, and the SingleInterface team to support their growth ambitions in India and globally. SingleInterface has shown an exceptional track record of fostering customer engagement and commerce for large enterprises over the last several years and has firmly established itself as a prominent player in the region, successfully integrating offline and online customer journeys to drive growth for physical retail locations.”
– Oliver Rippel, Co-founder of Asia Partners
