DFAN & SCV announce a Co-Investment Partnership which plans a corpus of INR 100 Crores

  • Inflection Point Ventures leads the round, participated by DFAN and ah! Ventures.
  • IPV announces unremot as its 45th deal for 2021; On track to invest Rs 155 crore across 60+ start-ups by the year end.
  • IPV crosses 100 deals landmark with Rs. 292 crore investments done till date.

Dec 2021, Bangalore: SaaS start-up unremot that offers office-like virtual platform for enabling efficient remote working, has raised $600K in a Seed round led by Inflection Point Ventures and participated by Digital Futurists Angels Network (DFAN), ah! Ventures and Point One Capital.

Since 18 months of the launch in Feb 2020, unremot has 14,000+ monthly active users, 40,000+ monthly visitors, 80% organic users and users from 52+ countries, with 70% from the US, Canada, UK, Australia & Germany.

Vinay Bansal, Founder & CEO, Inflection Point Ventures says, “The last 2 years has seen WFH becoming a new normal and we expect it to continue given the macros. Companies have currently opted for WFH owing to lack of choice, but as acceptability around it gathers steam, many leadership organisations are looking for solutions for effective implementation of WFH by deploying tech tools to help managers empower their remote working teams more efficiently. Another interesting trend is the emergence of white collars gig workers.

unremot also dabs into this segment as it helps companies connect with a list curated consultants to offer their services. The fact that unremot is addressing the entire spectrum of remote working and keeping the entire experience as close to physical working prompted us to back the company.”

The independent consultants struggle to manage their client meeting requests, scheduling, and payments, surviving the broken experiences through multiple products. This problem is solved by unremot, which is a business-in-a-box solution that provides a personal office to consultants that allows their clients to discover, request, schedule, pay and conduct meetings in a jiffy – all in one place. It combines online discovery, calendar, payments, and video conferencing into one screen and leverages a discovery-driven community interface.

Shiju Radhakrishnan, Founder & CEO, unremot says, “Our driving force for being entrepreneurs is to build a product and watch users love it. The journey from iTraveller to unremot is a testament to this pursuit. With unremot, we aspire to become a go-to place for consultants who conduct back-to-back client meetings and bring together 25 million users on unremot in the next 5 years.”

Commenting on the fund raise, Hemlata Varlani, CMO – DFAN shared, “DFAN is an angel network backed by a global community of 1500+ technology & business leaders. The start-ups we invest in are carefully chosen with due diligence and with our whole community actively contributing to their success. Unremot’s solution brings its users on a community-based interface, enabling mutual discovery and engagement. They are solving a real problem with their ‘all-in-one tool’ designed for independent consultants to set up their own personalized online remote workspace. To capitalize the global gig economy, currently estimated to be $350 Bn and slated to grow to $455 Bn (2023), we are looking forward to unremot’s product being aggressively marketed along their robust GTM plan which includes organic search, community initiatives and affiliates”

unremot is a 20 member fully remote team, led by Shiju Radhakrishnan, Nisanth Kumar, Binse Abraham, Avanti Shukla and Thahir Backer. The team has previously worked together in the past, before being acquired and taking their exits.

unremot aims to reach 1 Mn users by the end of 2022, 5 Mn by 2023 and 25 Mn by 2025. To fuel this growth, the company is targeting to raise a larger $2 Mn round at the end of the Techstars program.

Shiju Radhakrishnanand Nisanth Kumar started their entrepreneurial journey in 2012 when they founded iTraveller – an online travel planning application that enabled customers to customize and book their holidays. In 2018, iTraveller’s story took an interesting turn when it got noticed by lastminute.com – the European OTA giant was looking to enter the Indian market and decided to acquire iTraveller.com. Once bit by the entrepreneur bug, there is no going back. By early 2020, Shiju & Nisanth once again found themselves consumed by an idea that needed innovation. This later evolved into unremot.

About unremot

unremot steps in at a time when discovering professionals on a seamless platform had become extremely important. We have organizations working on finding professionals from different domains but corporates. This platform has bridged the gap and helped Consultants create a community-like structure, increasing their discoverability factor. The fact that unremot is addressing the entire spectrum of remote working on an advanced level and keeping the entire experience efficient prompted us to back the company.

About Inflection Point Ventures

Inflection Point Ventures is an angel investing platform with over 5900 CXOs, HNIs and Professionals to together invest in start-ups. The firm supports new-age entrepreneurs by providing them monetary & experiential capital and connecting them with a diverse group of investors. IPV, started in 2018 believes that ‘Everyone can Grow with Startups’ as it plans to invest INR 155 Cr in 2021 across 60 start-ups.