Liquidity Events
Customer engagement platform Toplyne shuts down ops; to return balance capital to investors
San Francisco- and Bengaluru-based SaaS firm Toplyne is winding down its operations and returning funds to its investors.Founded in 2021 by Rishen Kapoor, Ruchin Kulkarni, and Rohit Khanna, Toplyne helped businesses capitalise on their product-led growth strategies by boosting conversions of their freemium customers into paying ones.In 2022, the 30-member startup raised USD 15 million in a Series A round led by ??Tiger Global and Peak XV Partners, with participation from existing backers including ??Together Fund?, Sequoia India’s Surge, and angel investors from ?Canva?, ?Vercel?, and ?Zoominfo?.
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