Friday, March 29

Tag: SaaS startup

News Update: SaaS Startup Raises $1.1M From Existing Investors
FUNDING

News Update: SaaS Startup Raises $1.1M From Existing Investors

Bengaluru based startup Fyle, an expense management platform has announced a fresh round of $1.1 Million funding from existing investors, Pravega Ventures and Beenext. Also part of this funding round is a strategic investment from Girish Mathrubootham led Freshworks, which has been a customer of Fyle across multiple countries. Expense management is a boring but necessary process for every company and though there have been many attempts to solve this problem, it continues to be a painful and frustrating experience for any employee. This was the business problem that Fyle is aiming at solving, and by helping automate and streamline the entire experience for businesses, they are well on their way to doing so. "Finance and Admin teams love the product as it helps them become complian...
Tech Startup Synup Bags $6 Mn Series A Funding
FUNDING

Tech Startup Synup Bags $6 Mn Series A Funding

Bangalore-based startup Synup that provides Saas solutions for marketing of local businesses, has raised $6 million in Series A funding led by Vertex Ventures. The round also saw the participation of its existing investor Prime Venture Partners. Launched back in 2014, Synup was founded by 23-year-old Ashwin Ramesh along with industry veterans Mohan Gopalakrishnan and Karthik Krishnamoorthy.The startup caters to merchants currently in the US, but has plans to start operations in Western Europe and the UK as well. With the funding in hand, it will focus on strengthening its tech platform to cater to a larger chunk of merchants and expand to newer geographies. "We have 50,000 merchants signed up on our platform using our services presently. We have to increase it to 5 lakh over the...