Zluri, a startup that helps mid-sized companies manage their software as a service (SaaS) applications stack, has raised seed funding of $2 million from Endiya Partners and Kalaari Capital, per an announcement.
Zluri is Kalaari’s first investment from its new fund.
The funding will help the startup expand sales, marketing, and engineering functions and build integrations and no-code workflow automation for SaaS applications, it said in a statement.
“With global expenditure on SaaS applications exceeding $100 billion, we believe SaaS operations management will be a very large opportunity,” said Kalaari Capital MD Vani Kola.
Founded by Sethu Meenakshisundaram, Ritish Reddy, and Chaithanya Yambari, Zluri’s solution helps companies manage their ever-growing subscription-based software stack, also knows as tech or SaaS stack.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from January 12-17, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Zluri||California||2 million||Seed||Endiya Partners, Kalaari Capital||-||Software||SaaS|
|Mfine||Benglauru||16 million||-||Heritas Capital||family office of Y’S Investment Pte Ltd, SBI Investment, SBI Ven Capital, BEENEXT, Alteria Capital||Healthcare Services||HealthTech|
|Gegadyne Energy Labs||Mumbai||5 million||-||V-Guard Industries Ltd.||-||Energy Storage & Batteries||-|
|Udayy||Gurugram||2.5 million||Seed||Alpha Wave Incubation, InfoEdge Ventures||Better Capital, Kunal Shah||Education/Training||EdTech|
|Unacademy||Benglauru||50 million||Equity (Secondary)||Tiger Global, Dragoneer Investment Group, Steadview Capital, General Atlantic||-||Education/Training||EdTech|
|CoinSwitch Kuber||Benglauru||15 million||Series A||Ribbit Capital, Paradigm||Sequoia Capital India, Kunal Shah||Financial Services||Blockchain|
|Infra.Market||Thane||6.8 million||Debt||InnoVen Capital||-||Construction||E-commerce|
|ReadyAssist||Benglauru||1 million||Seed||Satish Grampurohit||Visveswara Gupta Kothamachu, Nagaraj Srinivasa, Praveen Kumar, Siddramesh V Nara, Harish Srinivas Gudi, Lokesh Venkatappa, Tarun Kumar, Gururaj Deshpande, Vijay Sambamurthi||Automobiles Other Vehicles & Parts||-|
|Chalo||Mumbai||7 million||-||-||Raine Ventures, Neeraj Arora, Amit Singhal, family offices of Saket Burman, Tarun Sawhney,||Information Services||Ridesharing/Transport|
|KIWI||Delhi||250,000||Seed||-||PointOne Capital, Core91 VC, AppyHigh||Software||HR Tech|
|Wright Research||Mumbai||-||Pre-Seed||BSE Institute Limited Ryerson Technology Startup Incubation Foundation (BRTSIF)||Innovation Partners Capital of Singapore, Ajat Hukkoo||Financial Services||FinTech|
|BharatPe||Delhi||20 million||Debt||Alteria Capital, ICICI Bank||-||Financial Services||FinTech|