Silicon Valley-based Emergent Ventures injects $3m in India’s Kuliza Tech

Photo: Bloomberg

Bengaluru-headquartered software company Kuliza Technologies has secured $3 million in a funding round led by Silicon Valley-based venture capital firm Emergent Ventures.

The funding will help Kuliza accelerate research and development (R&D) efforts for its flagship product, Lend.in, and assist its customers and partners better, it said in a statement.

“Kuliza has witnessed a massive growth in the last few quarters. Our product team has also grown by over 150 percent to serve our growing base of customers. We are glad to have a partner like Emergent Ventures, which will pave the way to making Kuliza as the preferred transformation partner of global financial enterprises,” Kuliza Technologies co-founder and chief operating officer Aparna Sharma said.

Gaurav Jain, Chief Technology Officer, Kuliza Technologies, added, “With regards to product innovation, we are looking at advancing towards a No-Code platform for financial enterprises. We will also focus on building a business user-driven lending system with unit intelligence.”

Founded in 2006 by Aparna Sharma and Anand, Kuliza enables backend operations for lending and insurance service providers and banks. The company claims to have executed more than 120 digital transformation projects for global startups and global enterprises.

It launched its flagship product Lend.In in 2017. As of today, over a billion dollars worth of loans have been processed by leading financial enterprises using Lend.In, the company said.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.