Private Equity

Angel Investments

Competition intelligence solutions provider Anakin raises $2-M from Y Combinator, others

MyBigPlunge  

Enterprise SaaS start-up Anakin, which offers competition intelligence solutions for businesses, has raised USD 2 million in a seed funding round. The company, with a presence in India, San Francisco and Singapore, raised the new capital from Y Combinator, HOF Capital, Austen Allred, ACE & Company, Integrity, Pioneer Fund and a group of angel investors. The funding will be used to hire talent and to have more presence on the ground in other geographies. Anakin will also invest in product development, in expanding into other categories and creating a self-service tool. Founded by Mohit Prateek and Rashmi Bala in September 2020, Anakin helps e-commerce stores and brands increase their revenue using pricing, products and trends data from their competitors and the market.