wordpress blog stats
Connect with us

Hi, what are you looking for?

Synup raises $6M from Vertex Ventures and existing investors

Tech startup Synup, which helps local businesses to manage their online presence, has closed a $6 million (approx Rs 40 crore) Series A round of funding led by Vertex Ventures along with existing investor, Prime Venture Partners.

The startup will use the fresh funding to expand its sales and marketing efforts as well as for product development.  The company said in a statement that it will expand into Europe and United Kingdom by mid – 2018. Synup is a Bangalore-based startup with operations in US&Canada.  The company competes with the likes of Yext in US and VendAsta from Canada.

What does Synup do?

Synup offers a cloud-based Software-as-a-Service product for local businesses or SMEs to manage their online presence via multiple tech-based tools. It lets a local business to update/ manage its location data, presence, customer reviews, and business analytics across business listing companies and search engines.  It also manages SEO for the businesses, as Synup works with 50 local search platforms such as Google Search, Yelp, Facebook, Yellow Pages etc. 

Synup says that local businesses are currently getting discovered in hundreds of fragmented consumer platforms on the web & mobile, and most of these listings have to be manually updated across all the platforms and it takes approximately 8 hours a week for a store manager to just update location data. The listings also do not provide the business with any analytics or insight into user reviews. So, Synup steps in here and does all of these for a local business.

Previous Funding

Previously, Synup had raised Rs 3 crore in a round of seed funding led by Prime Venture Partners (then AngelPrime Partners), back in 2014, and was launched in 2015. The company claims that it achieved $1 million in annual recurring revenues in the first 9 months, and since then over 50,000 businesses in the US & Canada have used its solutions. The company also claims that it has started to generate a positive cash flow and aims to grow ten-fold in the next 3 years. 

Advertisement. Scroll to continue reading.

Written By

Writes about e-commerce, social media, tech and Internet ecosystem.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



While the market reality of popular crypto-assets like Bitcoin may undergo little change, the same can't be said for stablecoins.


Bringing transactions related to crypto-assets within the tax net could make matters less fuzzy.


Loopholes in FEMA and the decentralised nature of crypto-assets point to a need for effective regulations.


The need of the hour is for lawmakers to understand the systems that are amplifying harmful content.


For drone delivery to become a reality, a permissive regulatory regime is a prerequisite.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ