SingleInterface, a Singaporean SaaS startup, has secured $30 million in its first external funding round. The investment aims to fuel global expansion and enhance product offerings, catering to the rising demand for online presence among offline businesses.
The Shift to Online:
As global internet penetration continues to rise, offline businesses seek to harness online platforms to drive growth. With 67% of the world’s population online, the trend toward digitalization is evident, urging businesses to adapt to evolving consumer behaviors.
Challenges in Transition:
Transitioning from offline to online presents various challenges for businesses. Finding comprehensive solutions that cater to diverse needs, sectors, and locations remains a hurdle.
SingleInterface addresses this gap by offering a unified suite of products tailored to multi-location brands across sectors like food and beverage, retail, and automotive.
Empowering Businesses with Technology:
SingleInterface empowers over 400 multi-location brands across regions like India, Southeast Asia, and the Middle East. Through its innovative tools, businesses can efficiently manage their digital presence,
drive customer engagement, and optimize online visibility. Leveraging AI, the platform facilitates the seamless digitization of thousands of stores, enhancing marketing ROI and streamlining operations.
Driving Revenue Growth:
Tarun Sobhani, CEO of SingleInterface, emphasizes the platform’s role in driving revenue growth for businesses.
By enabling localized marketing strategies and personalized engagement, businesses can achieve a significant uplift in revenues, ranging from 15% to 20%.
Comprehensive Solutions:
SingleInterface offers a range of features, including store-level website creation, localized promotions, and real-time communication channels via WhatsApp, Facebook, and Google Business Messages.
The platform also provides valuable insights to businesses, helping them understand and address customer feedback effectively.
Strategic Expansion:
With an impressive clientele that includes renowned brands like KFC, Pizza Hut, and HDFC Bank, SingleInterface is poised for further expansion.
The startup plans to penetrate new markets in Southeast Asia, Australia, Japan, and Korea, while strengthening its presence in existing regions.
Investment and Growth Plans:
Asia Partners, a growth investment firm based in Singapore, led the recent funding round, with participation from PayPal Ventures.
The infusion of funds will support SingleInterface’s geographical expansion and product enhancement initiatives, ensuring continued innovation and customer satisfaction.
Conclusion:
SingleInterface emerges as a game-changer in the realm of offline-to-online transition for businesses. With a focus on empowering brands with cutting-edge technology and comprehensive solutions,
the startup is set to redefine the future of digital commerce. As it embarks on a journey of global expansion, SingleInterface remains committed to driving growth and fostering meaningful engagement for businesses worldwide.
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