VideoVerse raises $46.8 mn in Series B funding

Recently, a video-editing SAAS platform, VideoVerse informed that it has raised $46.8 million in its Series B fundraising round. This round of funding was led by A91 Partners, Alpha Wave Global, and Binny Bansal, who is the former co-founder of Flipkart. The company further announced that the fresh funds will be used to enhance its teams in India and internationally, strengthen its VideoVerse technology, create newer products and icrease its global market share.

The company in a statement also informed that last year in the month of October, it raised its Series A funding from Moneta Ventures, Baring Private Equity India, Binny Bansal, and Ventureast among others.

After the successful Series B round of funding, VideoVerse CEO and Co-Founder Vinayak Shrivastav said, “We are thrilled to reveal our rebrand and a new round of significant funding as we move forward in 2022. The new name more accurately reflects our leadership position as the go-to partner when enterprises and consumers think about video, which is critical as we join hands with A91 Partners and Alpha Wave Global. As we chart out the next phase of our growth journey, these funds will help us in our mission to innovate on behalf of consumer needs and industry demands. Along with my Co-Founders Saket Dandotia and Alok Patil, we believe that VideoVerse as a brand complements this larger expectation shift that is currently shaping the industry and we are excited to see how we can evolve and get better as we grow bigger.”