# Dalgona Technologies Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dalgona-technologies-pte

- Industry: Internet
- Headquarters: Singapore
- Website: www.coffeemug.ai
- Total disclosed funding: $0.6M
- Latest round: Seed (Jun 23, 2021)
- Investors on record: 3

## About

Dalgona Technologies Pte. Ltd. is an innovative company specializing in AI-driven professional networking solutions, aimed at enhancing connections between professionals to foster business collaboration and growth.Dalgona Technologies Pte. Ltd. operates the CoffeeMug platform, which focuses on AI-based matchmaking for networking purposes. The company was founded by Abhishek Sharma and Dipti Tandon, with Abhishek also serving as the CEO. The firm is headquartered in Singapore and has secured USD 0.63 mn in SEED funding from investors including AngelList India, Indian Institute of Management Indore, and Paradigm Shift Capital as of June 23, 2021. The total amount raised so far stands at USD 0.63 mn.CoffeeMug offers a specialized platform designed to facilitate professional networking through AI-based matchmaking and curated introductions. Its core services connect founders, CEOs, mentors, and investors to foster meaningful relationships that drive business growth and collaboration. The platform effectively addresses challenges such as finding relevant talent for leadership roles and identifying potential partnerships. CoffeeMug serves over 49,000 investors and 500,000 professionals across international markets such as the United States, Canada, and India, enhancing the networking experience by providing personalized introductions based on individual professional objectives.In the most recent fiscal year 2023, CoffeeMug generated revenue of USD 318,466.80, with an EBITDA of USD -164,486.10. The platform currently operates without subscription or membership fees during its Beta phase, focusing on B2B interactions where clients can engage in AI-facilitated introductions. Future strategies may include subscription services or partnerships for recruitment and mentorship, creating a marketplace for professional growth.Dalgona Technologies Pte. Ltd. plans to leverage its recent SEED funding of USD 0.63 mn to enhance its AI-based matchmaking algorithm and double its user base, connecting users with genuine business opportunities. The company is exploring expansion into new markets, specifically targeting regions such as Europe and Southeast Asia, by the end of 2023. These efforts will support the company's strategic goal of refining its service offerings and increasing its global presence.

## Funding rounds

- Seed, Jun 23, 2021, $0.6M — Indian Institute of Management Indore, AngelList India, Paradigm Shift Capital

## Investors

- Indian Institute of Management Indore — Seed
- AngelList India — Seed
- Paradigm Shift Capital (https://capitalatlas.ai/funds/paradigm-shift-capital) — Seed