Management Tech Startup SirionLabs Raises $12.25 Million From Sequoia, And Others
SirionLabs, a startup that provides supplier management technology products has recently raised $12.25 million (about Rs.85 crore) in a Series B round of funding led by existing investor Sequoia India, a top company executive said. The funding round also saw the participation of QualGro Asean Fund and Canopy Ventures.
SirionLabs was founded by Ajay Agrawal in 2012 and helps large enterprises manage outsourcing and procurement services.
“There has been a tremendous growth in strategic outsourcing in the recent years and most large manufacturer of goods have started offering their goods more as a service. SirionLabs provides buyers of these managed services with software monitors their relationship with the suppliers,” said Agarwal.
The funds will be used to support expansion and R&...