The round also saw the participation of existing investors Root Ventures, Ubiquity Ventures, Haystack Ventures, and Pathbreaker Ventures. Esper plans to use the funding proceeds for product development and to expand its customer base both in India and the US.
“We are excited to have the full support of these investors to expand our team and further scale our business to help customers move beyond Mobile Device Management into true device orchestration. Our vision is to provide a platform that allows our customers to focus on building their value proposition rather than their infrastructure,” Yadhu Gopalan, CEO and co-founder, Esper said.
Founded in 2018 by Gopalan and Shiv Sundar, Esper provides an intelligent cloud platform to help enterprises deploy and scale Android devices, as well as manage applications and devices in real-time. It services customers across retail, logistics, hospitality and healthcare industries.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India from February 11-February 14.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Esper||Seattle, Bengaluru||7.6 million||Series A||Madrona Venture Group||Root Ventures, Ubiquity Ventures, Haystack Ventures, Pathbreaker Ventures||Cloud Tech|
|MoEngage||Bengaluru, San-Francisco||25 million||Series C||Eight Roads Ventures||F-Prime Capital, Matrix Partners India, Ventureast||MarTech|
|HempStreet||New Delhi||1 million||Seed||Pharmacon Holdings||Romain Barberis||Research|
|HooLiv||New Delhi||-||-||Kolte-Patil Family Office||-||Real Estate/Hospitality|
|Clover||Bengaluru||5.5 million||Series A||Omnivore, Accel, Mayfield||-||AgTech|
|Vedantu||Bengaluru||24 million||Series C||GGV Capital||-||EdTech|
|SimSim||Delhi||8 million||Series B||Shunwei Capital, Accel Partners||-||E-Commerce|
|M2P Solutions Pvt. Ltd (YAP)||Chennai||1.4 million||Angel||Amrish Rau||Kunal Shah, Jitendra Gupta, Vikram Chachra, Abhishant Pant, Peifu Hsieh||FinTech|
|Coding Ninjas||Delhi||5.2 million||Series A||Info Edge India Limited||-||EdTech|
|CamCom||Bengaluru||-||pre-Series A||Triton Investment Advisors||-||Deep Tech/AI|