Mailmodo Secures US $2M in Funding Round
Martech Outlook | Monday, August 02, 2021
Mailmodo is creating an app-like user experience inside an email to help businesses in better conversion and ROI.
FREMONT, CA Mailmodo announces US $2M in funding led by Sequoia Capital India’s Surge, Y Combinator and existing investors. Mailmodo's mission is to help businesses get better conversion rates and ROI from email marketing by building an ecosystem of apps and widgets that marketers can incorporate straight into their messages and simplify their email campaign management.
Mailmodo is creating an app-like experience inside an email for its users. Over 300 billion emails are sent out every day. Most of the emails are either ignored or deleted or opened and then forgotten. It is a struggle for businesses that are trying to derive results from their email marketing campaigns. Long user journeys such as from inboxes to websites or landing pages, often result in low conversion rates. Mailmodo cuts this long user journey through AMP (Accelerated Mobile Pages) emails by using these emails to get higher conversion rates
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and user engagement.
Once an AMP email is recieved, the recipient can take actions required in the email through forms, checkout flows, calendar appointments, surveys, and more without even having to leave their inbox. Mailmodo raises the conversion rate that's three times higher compared to regular email campaigns by reducing the number of steps a user has to take on a page. Mailmodo allows businesses to send automated, trigger-based emails rather than just bulk email campaigns.
“Emails got some much-needed innovation when Google released AMP for email and announced that all Gmail clients will support AMP emails. We saw this as an opportunity to create app-like experiences inside emails, making it seamless and frictionless for a user to take a desired action." said Aquibur Rahman, Co-founder, Mailmodo.
"We saw a massive 250 percent increase in responses to our NPS survey emails. Our merchants loved the email as it enabled them to share their thoughts with us without even getting redirected once," says customer Subhash Dash, Associate Product Manager, Razorpay.
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