Wondrlab raises $7M in Pre-Series A round
Wondrlab, a martech startup, announced that it has raised $7 million in a pre-Series A round led by Pi Ventures LLP, Tanas Capital, Prodapt Holdings, and several independent investors including Priyamvada Balaji of Lucas Indian Service and Gopal Srinivasan of TVS Capital.
The startup plans to use the freshly raised funds for driving inorganic growth, with a focus on tech, digital, programmatic advertising, and the building of martech platforms.
Malabar Capital Advisors served as the bankers for the fund raise.
Speaking about the funding, Saurabh Varma, Founder and Chief Executive Officer, Wondrlab, said, “We truly believe that our differentiated strategy of being platform-first is a great value proposition for our clients. We will continue to invest in building deep capabilities across digital business transformation, content, data, and marketing tech platforms. The next six months will be key to building on our incredible momentum.”
Commenting on behalf of Tanas Capital, Singapore, Amit Sharma added, “The proposition is truly unique. We are excited about being a part of this journey. Wondrlab’s focus on digital communication and DBT; always being platform-first and building world-class martech products will create incredible value for clients and eventually investors.”
Wondrlab was established in November 2020 by Saurabh Varma and co-founded by Vandana Verma and Rakesh Hinduja.
In December 2020, it took over What’s Your Problem, a media-agnostic, problem-solving, integrated creative agency set up by Amit Akali.
According to Narayanan from Narotam Sekhsaria Family Office (NSFO), “We are excited about the vision of the team led by Saurabh Varma to create India’s first network. Their strategy of being platform first differentiates them. It is refreshing to see a world-class team coming together on the back of a shared ambition”.
Wondrlab seems to have established a strong footprint in the market with its innovative solutions. I’m sure the company will continue to prosper in its journey ahead. My best wishes to the team of Wondrlab.Shishir Gupta, Founder and CEO, StartupLanes
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