Gumlet raises $1.6 million led by Sequoia’s Surge
Singapore-based SaaS (software-as-a-service) startup Gumlet announced on July 27 2021 that the company raised $1.6 million in the funding round led by Sequoia Capital India’s Surge. Angel investors- Miten Sampat, Aakrit Vaish, Swapan Rajdev and Yash Kothari also partook in the funding round.
Founded in 2019 by Aditya Patadia and Divyesh Patel, Gumlet is manufacturing a new-age media delivery setup for the internet. Gumlet assists developers across countries to automatically resize and optimise their images and videos as per the end user's device or browser, putting forward high-quality media at the lowest possible bandwidth.
Aditya Patadia, Co-founder, said, “More than just delivering a SaaS tool for online publishers and businesses, our mission is to build a media delivery infrastructure for the internet.”
Gumlet claims that it currently provides services to more than 6,000 customers and delivers over 4 billion media files every week, reflecting a 25 percent month-on-month growth since the beginning of 2020.
Gumlet is part of Sequoia Capital India’s Surge’s fifth and largest cohort of 23 early-age startups that have developed new-age digital solutions to help companies and individuals live, learn and work better in a swiftly evolving Southeast Asian landscape.
Commenting on the fifth cohort, Rajan Anandan, managing director, Surge and Sequoia India said, “These leaders have displayed grit, exceptional talent, and relentless purpose in shaping the world. At this inflection point of global regrowth, we are excited to be part of the journey of our founders and their companies, many of which we believe will grow into large, enduring businesses.”