Asia Partners and PayPal Ventures Back SingleInterface with $30 Million

💰 Funding News: SingleInterface, a SaaS marketing platform, has raised $30 million from Asia Partners and PayPal Ventures. The company plans to use the funds to expand globally and enhance its portfolio of hyperlocal marketing, engagement, and commerce products.

🚀 Expansion Plans: SingleInterface aims to deepen its presence in Asia and the Middle East, focusing on markets like India, South East Asia, Australia, UAE, Japan, and Korea. They intend to introduce AI-driven products for advanced audience segmentation and personalized re-engagement.

👥 Leadership and Vision: Founded by Tarun Sobhani and Harish Bahl, SingleInterface aims to empower multi-location brands with AI-driven solutions. Tarun Sobhani, the CEO, highlighted the significant revenue growth their products have driven for clients, emphasizing a commitment to enhancing customer experiences.

📈 Future Growth: Harish Bahl, the Chairman, expressed confidence in SingleInterface’s potential, especially with over 400 million local businesses globally. The funding is expected to help the company tap into new markets and strengthen its position in enabling marketing and commerce for multi-location enterprise brands.

📊 Industry Insights: Telecom companies like Reliance Jio and Bharti Airtel are anticipated to report a rise in revenues and EBITDA growth in Q4FY24, driven by ARPU upgrades and subscriber additions. The industry is evolving rapidly, with a focus on 5G technology and network expansion.

🍻 Tax Demand: United Breweries Ltd (UBL) has received a tax demand order of over ₹263.70 crore from the Maharashtra State GST Department for FY 2019-20. UBL stated it has a strong case to defend the issue before the relevant appellate authority and does not expect any significant financial impact.

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