Flipkart co-founder’s startup banks $25m in series A money

Xto10x, the startup scaling platform launched by Binny Bansal, has raised US$25 million in a series A round led by the Flipkart co-founder himself. The round was also joined by 28 leaders from India and Southeast Asia’s startup ecosystem, including Razorpay co-founder Shashank Kumar.

Xto10x team / Photo credit: Xto10x

Xto10x helps startups scale easier through its learning programs, operating services, and SaaS-based solutions. The company said it currently has over 100 companies using its software tools, which include 10xGoals for objectives and key results, 10xPeople for employee net promoter score, and 10xPerformance for performance management.

Bansal founded the company in 2018 alongside fellow Flipkart alum Saikiran Krishnamurthy and Neeraj Aggarwal. Since its establishment, Xto10x said it has worked with more than 200 growth-stage startups across India and Southeast Asia.

“Doing deep operating work with startups and converting that experience into software tools and learning curriculum have helped us build strong momentum, driving 4x growth in the past year,” said Krishnamurthy. The exec added that Xto10x is currently profitable.

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The fundraise follows Xto1ox’s acquisition of HR tech startup Dockabl to expand its employee experience platform.