SingleInterface, a hyperlocal marketing-to-commerce solutions firm based in Gurugram, has secured $30 million in its first external funding round. The investment was led by Asia Partners, a Singapore-based growth equity investment firm, with participation from PayPal Ventures, the corporate venture arm of PayPal.
Founded by Tarun Sobhani and Harish Bahl, SingleInterface specializes in integrating digital marketing, customer engagement, and ecommerce product suites tailored for multi-location enterprise brands. The company aims to solidify its leadership position in Asia and globally with the funds secured. It plans to expand its hyperlocal marketing, engagement, and commerce product portfolio while focusing on refining advanced audience segmentation and personalized re-engagement features.
Tarun Sobhani, Co-founder and CEO of SingleInterface, expressed confidence in their product suite, citing remarkable revenue growth for clients, with some cases attributing 15-20% of their revenues to their solutions. Sobhani highlighted the company's mission to empower customers to drive further growth, enhance the customer experience, and provide rich business insights across different locations to enable local success.
Oliver Rippel, Co-Founder of Asia Partners, praised SingleInterface for its exceptional track record in fostering customer engagement and commerce for large enterprises. He noted the company's success in integrating offline and online customer journeys to drive growth for physical retail locations.
The investment signifies growing interest and confidence in SingleInterface's capabilities to deliver impactful solutions in the hyperlocal marketing and commerce landscape, positioning the company for further expansion and innovation in the industry.