Bengaluru and San Jose-based SaaS-focused startup Hiver has raised an amount of $4 million (Rs 30 crore) in a new round of funding. This particular funding round was led by venture capital firms Kalaari Capital and Kae Capital.
Prior to this, the company raised $130,000 in seed funding from the Citrix Startup Accelerator and Paytm founder Vijay Shekhar Sharma in 2012. The company was earlier known as Grexlt. It later rebranded as Hiver last year.
The funds from this round will be utilized by the company for product development, as well as expanding its global customer base.
“With this investment, we will fuel our efforts to realise our vision of making Gmail a powerful collaboration platform that businesses can use for sales, support and their internal functions,” Niraj Ranjan Rout, co-founder and chief executive of Hiver said.
Currently, Hiver has a workforce of about 50 employees. The company also claims to have over 1,100 companies as paying customers. These customers are largely based across the US, Europe and Australia.
The company basically is a shared inbox management solution, built for Google Suite users, and which assists businesses manage shared inboxes like support, sales and admin from their Gmail.
“We believe Hiver has the potential of becoming a product that is synonymous with productivity for businesses,” Gaurav Chaturvedi, venture partner at Kae Capital, said.
Following this funding round, both, Chaturvedi and Rajesh Raju, manning director at Kalaari Capital, will be joining the Hiver Board. The company counts Niraj Ranjan Rout, co-founder and chief executive of Hiver.