Scalenut Raises 400k to Create Industry-Leading AI-Based Content
Scalenut is designed to meet the needs of content creators, content strategists, agencies, and entrepreneurs, and aims to become a one-stop-shop for content marketing.
Scalenut, an AI-powered content intelligence platform, has raised $ 400,000 in seed funding led by Titan Capital, First Principles VC, AngelList, Abhishek Goyal and other leading angel investors.
Scalenut’s vision is to help businesses of all sizes tell better stories at scale. Founded by seasoned executives who previously built India’s leading managed marketplaces and B2B Saas platforms at Urban Company, Snapdeal and Jungleworks, Scalenut is one of the world’s premier platforms bringing together top talent and AI / ML technology. of the new age to create content.
Scalenut began by identifying a huge bottleneck in the content creation lifecycle. Marketers invest a lot of time and money in curating and creating content, often with inefficient processes and low return on investment. To solve this puzzle, Scalenut is building a self-service content intelligence SaaS platform that automates the entire content search and creation process. Scalenut’s platform also solves a huge problem by providing cutting-edge actionable insights for Search Engine Optimization (SEO) AI-generated content. In addition, clients also have access to a managed market of top talent to work directly with brands and increase their content creation.
Scalenut is designed to meet the needs of content creators, content strategists, agencies, and entrepreneurs, and aims to become a one-stop-shop for content marketing. The founding team of Mayank Jain, Gaurav Goyal and Saurabh Wadhawan bring first-rate experience in scaling markets and operations managed by Urban Company, Snapdeal, JungleWorks and ITC.
Launched earlier this year, Scalenut’s platform is already boosting content creation efforts at more than 200 companies (including Airtel, Medlife, 1MG, Teachmint) in 10 countries. Scalenut’s managed marketplace also generated opportunities for over 1,000 freelancers during the Covid19 era.
Mayank Jain, co-founder of Scalenut, said, “With every business that has to be in the content creation business today, Scalenut serves a rapidly growing, $ 400 billion industry. We aim to be a single platform for the entire content lifecycle. We started by creating a managed marketplace to bring together top talent and companies, but we also realized the power of a self-service SaaS platform that automates much of the search and creation of content. We have seen amazing results from our proprietary search algorithms. In the coming quarters, we plan to strengthen this combined product offering for our users and to continue our expansion into new geographies. We couldn’t be more excited to build Scalenut.
Nitin Sharma (Principal Investor through First Principles VC) added: “The founding team of Scalenut brings a rare combination of technological and operational skills in scaling large managed marketplaces. On the one hand, innovations like GPT-3 have opened up new frontiers in automated content creation, while Covid is one of the many catalysts for the scorching growth of remote and freelance work. By bringing together self-service capabilities enhanced by a managed marketplace, Scalenut is well positioned as a ‘build in India, for the global platform’.