India-based talent-collaboration firm, JoulestoWatts, has raised pre- Series A funding of an undisclosed amount from Manipal Global Education Services Ltd and Saha Fund, according to a report in The Economic Times.
The company plans to utilise this latest round of funding to build its team and ramp up its technology platform to a global standards.
“Having TV Mohandas Pai and Ranjan Pai as mentors and strategic investors is a huge boost for us,” says Priti Sawant, founder of JoulestoWatts.
JoulestoWatts provides IT solutions, GIC consulting and solutions, talent collaboration solutions, and sales and process outsourcing among other services.
“In the global war for talent, increasingly both corporates and extremely talented individuals are seeking the perfect fit on a just-in-time basis. As technology explodes in complexity, high quality talent in new technologies needs an individual identity and exciting opportunities to create a fast paced response to competitive needs,” said TV Mohandas Pai, chairman of Manipal Global Education.
Former Infosys executive Pai, is now one of the most prolific angel investors in the country in his personal capacity as well as through Manipal Global Education and his venture capital firm Aarin, which manages stage-agnostic funds with the ability to support its investee companies from incubation to exit.