Asia Partners, a growth equity investment firm based in Singapore, spearheaded SingleInterface's inaugural external funding round, which raised US$30 million. Joining the investment was PayPal Ventures, the corporate venture arm of PayPal, emphasizing the confidence in SingleInterface's potential within the high-growth technology and technology-enabled sectors.
SingleInterface, founded by serial entrepreneurs Tarun Sobhani and Harish Bahl, who also founded Smile Group, emerged as a prominent SaaS platform in Asia. Its comprehensive product suite, catering to digital marketing, customer engagement, and e-commerce needs, has earned widespread recognition. The platform enables multi-location enterprise brands to leverage digital marketing and e-commerce effectively, propelling growth across their local touchpoints.
Tarun Sobhani, Co-founder and CEO of SingleInterface, said, “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”.
SingleInterface has outlined three primary objectives for the utilization of the injected capital: reinforcing its dominance in the Asian market segment, expanding its global presence, and enhancing its array of hyperlocal marketing, engagement, and commerce solutions. Notably, the company aims to focus on refining advanced audience segmentation and personalized re-engagement features within its product portfolio.
Harish Bahl, Co-founder and Chairman of SingleInterface, said, “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”.
“We are thrilled to be partnering with Tarun, Harish, and the SingleInterface team to support their growth ambitions in India and globally,” said Oliver Rippel, Co-founder of Asia Partners. “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”.