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$1.4 Billion Raised by the Cloud-Based Company, SurveySparrow in a Seed-Funding Round

The startup company has its base offices in US and Kochi and has carried out 20,000 surveys until now
BY BEx Bureau
BusinessEx
Apr 03, 2019

SurveySparrow, a cloud-based firm, has raised $1.4 million in the seed funding round. The amount has been raised from Prime Venture Partners, an Indian venture capital company.

SurveySparrow is originally a cloud-based customer-centric company which permits users to form and share customized surveys. The startup company has its base offices in US and Kochi and has carried out 20,000 surveys till now. It is operating in 108 countries and has plus 8000 customers, including FedEx, Deloitte, Siemens, PaySafe and SAP, Shihab Muhammed, Co-founder of SurveySparrow, said.

We will use the fresh funds for product development and hope to clock more than 20,000 customers by the end of 2019, Muhammed told the Indian daily news, The Economic Times.

The founders of SurveySparrow reckon that customer experience is important as per the global opportunity. Currently, the valuation of the global market survey is $4.065 billion and is anticipated to rise at a CAGR of 11.25 per cent, reaching $6.929 billion by the end of 2022, said the company.

The startup plans to take on its competitors moving surveys away from antiquated forms to conversations. We will hire extensively across engineering, product development, marketing and inside sales in the coming months, Muhammed told to the Indian daily news, The Economic Times.

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