Zeda.io raises $1.2 Million in seed capital from BEENEXT

Product Management platform, Zedo.io has raised $1.2 million capital from BEENEXT, Binny Bansal-backed 021 Capital, and existing investors Whiteboard Capital, FirstCheque VC, and Paradigm Shift Capital. The company is planning to use the funds to expand the company across multiple fields such as product engineering, and business. 

Zedo.io was founded by Prashant Mahajan and Vaibhav Devpura in January 2021 in Bengaluru and is registered in Delaware, USA. The co-founder of the company, Prashant Mahajan has said that the company focuses on making product management simpler and smarter by improving the overall quality of products that are being manufactured.

He also said that they are trying to bridge the science and art of Product Management with machine learning and assist the product managers in their day-to-day jobs. Zedo.io currently has about 300 users from 6 geographies in private beta mode on their platform with 4,000 on the waiting list.