Text Mercato is a content technology startup that catalogs information. It raised $2.6million in a preSeries-A round led by 1Crowd Ventures Mount Judi Ventures and Innospark Ventures. Modulor Capital and Tremis Capital were also part of the round.
The funds raised during the round will be used for international expansion.
Text Mercato, founded by Kiran Ramakrishna & Subhajit Mukherjee in 2011, offers content writing services and cataloging through its suite of AI products.
The company serves over 50 brands, including Nykaa and Myntra, processing over one million stock-keeping units (SKU) monthly. The company claims it tripled its revenues in the last year.
“While companies tend to build their products around a singular issue such as the image, text, translation, or other solutions, the focus of our product is to do this end-to-end, sans four-five vendors. Our solution provides seamless integration, speed, quality, and cost efficiency for our clients,” said Kiran Ramakrishna, cofounder of Text Mercato.