Product management platform Zeda.io announced the raising of $ 1.2 million in seed capital from BEENEXT, 021 Capital backed by Binny Bansal and existing investors Whiteboard Capital, FirstCheque.vc and Paradigm Shift Capital. The company will use the funds for product development and the expansion of its team in functions such as products, engineering and business.
Zeda.io was founded by Prashant Mahajan and Vaibhav Devpura in January 2021 in Bengaluru and registered in Delaware, USA. Despite the growing number of product manager roles in companies, there was no single tool that helped them collaborate with different departments. Currently, product teams must juggle multiple tools to manage their products, making product management fragmented and inefficient. Zeda.io’s comprehensive one-stop product management suite is designed to simplify processes by bringing together all the elements needed to define, manage and collaborate on products.
“Our mission is to make product management simpler and smarter, and to improve the overall quality of products manufactured around the world. We aim to bridge the gap between the science and the art of product management using community and machine learning. We will build machine learning models to help Product Managers in their day-to-day work, like how Github AI Copilot helps engineers, ”said Prashant Mahajan, co-founder of Zeda.io.
“Product management is an integral part of businesses around the world today. Zeda.io has identified a huge opportunity to solve the problem facing thousands of businesses and PMs due to ineffective tools. Zeda.io’s innovative and highly scalable product management suite will define and shape the future of how PMs create products, ”said Hero Choudhary, Managing Partner at BEENEXT.
Zeda.io is live with around 300 users from 6 geographies on the platform in private beta, with another 4,000 on the waiting list.