respond.io, a Malaysia-based social to conversational commerce platform has announced it closed $7 million in Series A funding. The round was led by Headline with participation from AltaIR Capital, Smart Partnership Capital, Sterling Oak Group & Calendula Ventures.
Respond.io has grown its revenue 25x since the previous round and will use the funding to continue its push into large enterprises by extending its extensive suite of integration capabilities, expanding from its home in Asia to build a presence in the Middle East, Europe & LATAM.
“The latest wave of digital commerce innovation was pioneered by small brands using Instagram. It uses social commerce to drive buyers onto tailor-made social accounts and enables consumers to accelerate their purchase decisions through WhatsApp & other messengers,” says Gerardo Salandra, CEO of respond.io. “We’ve built a platform that enables multi-national brands to deploy that highly innovative strategy at a scale of a million conversations per day across dozens of teams.”
Respond.io has introduced advanced analytics, automation & marketing tools built from the ground up for messaging. Enabling over 10,000 businesses, including industry heavyweights like, Klook, Decathlon, Abenson, Yoho, Roche, ShareChat & Bigo to leverage the social to conversational commerce revolution.
“We’ve created an incredible infrastructure to service these huge customers – we process over 140 million messages per month,” says Hassan Ahmed CTO at respond.io. “These metrics are hardly ever made public, but from what I’ve found, this is an industry-leading figure – for instance, it’s at least 10x more messages than our biggest European competitor Trengo.
Respond.io is on track to lead the market globally with social to conversational commerce solutions at the world’s largest brands, nationwide retailers, and other enterprise companies. The company’s presence in Malaysia will help support the National Fourth Industrial Revolution (4IR) Policy in ensuring that local enterprises successfully adopt their digital transformation. The solutions respond.io brings to Malaysian entrepreneurs will further drive greater development in data analytics through AI-driven technologies as enshrined in the Malaysia’s Digital Economy Blueprint (MyDIGITAL).
