Bangalore (Karnataka) [India], October 11: Bengaluru-based startup DealDox has successfully secured $43,000 in seed funding from a private Saudi Arabian NRI-based investor. The investment comes at a post-money valuation of $450,000, highlighting the growing interest in AI-driven pre-sales automation tools. The investor expressed confidence in DealDox’s innovative approach to streamlining complex pre-sales processes, indicating a belief in the transformative potential of the startup’s technology.
Founder Mohammed Khasim emphasized that DealDox is more than just a quoting and estimation tool. “Our enterprise software transforms the entire deal lifecycle. By shaping deals, streamlining approval processes, and enabling dynamic content generation, we provide a powerful, end-to-end solution that enhances efficiency, speeds up deal closures, and drives business growth,” he explained.
Revolutionizing pre-sales automation
Co-founded by Sandhya S Hegde, DealDox is harnessing the power of AI to revolutionize the generation of proposals and quotations. Unlike traditional Configure, Price, Quote (CPQ) platforms such as Salesforce, Oracle, SAP, Zoho, Conga, Odoo, and ConnectWise Sell, which primarily cater to product-focused businesses, DealDox is specifically designed for B2B organizations with complex product and service offerings. By eliminating the need for manual spreadsheets and Word documents, the software boosts both efficiency and accuracy, ultimately maximizing return on investment (ROI).
The pre-sales automation platform addresses a critical pain point for businesses still relying on disconnected tools like spreadsheets, custom applications, email-based approval processes, and Word templates stored on shared drives. These outdated methods often leave quoting and sales workflows fragmented, prone to errors, and inefficient. DealDox offers a unified, automated solution that integrates seamlessly with existing systems, removing manual processes and minimizing mistakes that can slow down sales cycles and hinder business growth.
Enhancing efficiency and accessibility
By consolidating all processes into one connected system, DealDox enables companies to streamline operations, enhance accuracy, and close deals more swiftly. In addition to its existing web-based platform, the company has developed a user-friendly mobile app that allows sales professionals to generate quotations and proposals quickly while on the go, ensuring that no potential deal is missed.
This recent seed funding will empower DealDox to expand its team, tackle industry-specific challenges, and increase its market presence. The team expressed immense gratitude for the confidence and support shown by investors and remains committed to delivering exceptional results.
A compelling investment opportunity
The angel investor highlighted the significant market potential of DealDox, stating, “As a cutting-edge AI-powered SaaS startup, DealDox is poised to make a substantial impact on the global market. This innovative company specializes in cloud-based CPQ software, presenting a compelling investment opportunity.”
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With the global CPQ market projected to reach $7.96 billion by 2031, driven by the increasing demand for efficient sales automation, DealDox is strategically positioned to capture a share of this rapidly expanding sector.
Building a strong portfolio
DealDox has already made significant strides in the manufacturing industry, collaborating with leading companies such as Geberit Group, a European leader in sanitary products; Universal Precision Screws, a top fastener manufacturer; R&D Them, a manufacturer of chemical equipment; and Daspass Sales Corporation, a pioneer in HVAC manufacturing. As the company continues to expand its reach, it is actively venturing into sectors like IT, automotive, construction, engineering, interior design, and healthcare. With its proven track record in manufacturing, the startup is well-positioned to revolutionize pre-sales processes across these diverse industries.
Future prospects
DealDox’s AI-powered technology ensures its future relevance, while its versatility secures a stable customer base across multiple sectors. This combination makes it an attractive investment option for those looking to capitalize on the growing demand for efficient sales automation solutions. For interested parties, DealDox offers personalized demos to showcase its innovative capabilities.
As DealDox continues to evolve and expand, it stands as a beacon of innovation in the pre-sales automation landscape, poised to transform how businesses approach quoting and deal management.
