Rohin Parkar, Co-Founder and CEO of Spintly said, “We are really proud that our team has built a strong, lean and sustainable business surviving through the pandemic and the recent global economic turmoil. Spintly has seen its revenues grow by 500 per cent in 2022 as compared to that in 2021 and has more than 100 thousand users on the platform. Spintly products are mainly adopted by co-working spaces, managed commercial office spaces, and small- to medium-sized enterprises. Spintly offers a frictionless, fully wireless, smartphone-based physical access control solution to commercial and residential buildings.The adoption of Spintly products increased in the post-pandemic phase due to the increased need for contactless and cloud-based solutions. Started in 2018 by Rohin Parkar and Malcolm Dsouza, Spintly launched its first products in early 2020. Funding will fuel global expansion and strengthen R&D. Spintly will be using these funds to focus on its growth in the global market including the United States and to strengthen its R&D capabilities. The round saw participation from Lets Venture, Accel Nest, SucSEED Indovation, RiSo Capital, Defang Technology, 91 Ventures, Kyto Technology and Life, and a few other notable angel investors and groups including Dheeraj Pandey, Co-Founder and CEO of DevRev and former Founder and CEO of Nutanix. Bengaluru (Karnataka), November 11 (ANI/GPRC): SaaS-based physical access control and smart buildings startup Spintly raised USD 2.5M in a pre-series A round of funding.
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