Dubai-based Web3 Startup Cultos Global Raises Undisclosed Investment Round
September 14 2023 Dubai — Cultos Global, a pioneering web3 venture headquartered in Dubai, has successfully secured an undisclosed sum in its ongoing funding round. The investment comes from a distinguished group of backers :
- Mr. Sameer Mehta, the Founder & CEO of India’s esteemed unicorn, boAt Lifestyle
- Mr. Tarun Katial, Media Tech veteran and Founder & CEO of Coto — a web3-based social crypto community platform for women
- Mr. Ashwath Bhat, Finance Head at Fractal Analytics
Mr. Vijay Ratnaparkhe — Software Industry Veteran and Head of Bosch Southeast Asia also joins the Advisory Board along with his investment. These prominent names join forces with a list of several San Francisco-based investors and existing stakeholders who continue to support the vision of Cultos Global as they look to transform the way brands engage their customers.
These luminaries join a consortium of Bay Area investors and existing stakeholders, all aligned with Cultos Global’s vision to revolutionize brand-customer engagement.
Cultos Global is reshaping brand-customer engagement by introducing an elegant, unified platform that seamlessly combines digital marketing and customer rewards programs, transforming passive consumers into a network of active nano-influencers.
Cultos Global provides brands with the tools to create their own brand token and set up their rewards systems in a matter of minutes and drive adoption from the bottom up, leading to greater efficiencies, better conversion rates and increased sales.
On the injection on capital from prominent angel investors, Cultos Global Co-Founder & Chief Executive Officer Pavan Govindan highlights that “Cultos Global is thrilled and excited to have industry leaders on board as we scale up in our journey to provide brands with the ability to effectively bring their rewards, loyalty and influencer marketing to Web3. This will give brands access to first-party data, but with advanced security and enhanced privacy for end consumers. With strategic investors to support our vision, we are now even more confident in establishing Cultos Global as the preferred Web3 wallet for some of the biggest brands globally.”
The funds raised will primarily bolster the expansion of Cultos Global’s Product & Engineering teams across the UAE and India as well as expand its platform development by introducing several new innovative functionalities.
Tarun Katial, a staunch advocate of Web3 Technology, lends his support, stating, “Cultos Global operates within an ecosystem that prioritizes end-user privacy while providing incentives and empowers brands
to engage more effectively. I firmly believe that next-generation loyalty will be pivotal, and Cultos Global stands at its core with its proven web3 technology.”
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