Medront Secures INR 1.06 Crore in Pre-Seed Funding to Revolutionize Personal Data Ownership

Medront, a promising startup in the user data storage space, has successfully raised INR 1.06 crore in a pre-seed funding round led by Inflection Point Ventures (IPV). This strategic investment will fuel Medront’s mission to empower users with full control over their data while offering brands an alternative to the data monopolies held by tech giants.

Founded in 2023 by Nitesh Singh and Saurav Suman, Medront has quickly positioned itself as a key player in consumer data management. The startup has already garnered over 20,000 users and formed partnerships with 20 brands, reflecting its rapid growth and market relevance.

Empowering Users with Data Ownership

Medront Datalabs aims to redefine how personal data is managed, focusing on user empowerment through its innovative Data Pods. These pods allow users to securely store, manage, and share their data, giving them control like never before. The platform’s extensive API integrations with major platforms, including Twitter, YouTube, Facebook, and Instagram, make it a comprehensive solution for personal data management.

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Leadership and Vision

Nitesh Singh, CEO of Medront, brings a wealth of experience from his previous roles at CreditMate, Citibank, and SunEdison. His co-founder, Saurav Suman, has a strong background in tech entrepreneurship, having developed software and data products at multiple successful ventures. Together, they envision a future where personal data ownership becomes a standard practice, ensuring privacy and security for millions of users across India.

“We are excited to have the support of Inflection Point Ventures as we continue to scale Medront,” said Nitesh Singh. “Our vision is to create a new data ecosystem where users own and control their data. This funding will enable us to expand our offerings, enhance our platform, and reach millions of users who value privacy.”

IPV’s Strategic Investment

Inflection Point Ventures recognized the growing need for secure data management solutions in the digital age, especially in light of India’s Digital Personal Data Protection Act 2023 (DPDPA). Vikram Ramasubramanian, Partner at IPV, emphasized the significance of Medront’s mission, stating, “As the digital world expands, personal data security becomes more critical. Medront’s platform provides users with real ownership of their data, offering a comprehensive solution that aligns with the future of digital privacy.”

With the successful launch of its MVP on the Play Store, a 4.1-star rating, and G2 verification for advertising financial services, Medront is well on its way to becoming a game-changer in the data ecosystem. The startup’s focus on user feedback and rapid product development will continue to drive its growth as it aims to bring personal data ownership to millions of users across India.