SaaS management platform Zluri Monday announced that it has raised $10 million in a Series A round of funding led by MassMutual Ventures with participation from existing investors Endiya Partners and Kalaari Capital.
Zluri had previously raised $2 million from Endiya Partners and Kalaari Capital in its seed round in January 2021.
The company plans to use the additional capital to continue its growth momentum and further strengthen its product’s capabilities, it said in a statement. The company plans to double down the teams in core markets in Asia and North America.
Founded in 2020 by Ritish Puttaparthi, Sethu Meenakshisundaram and Chaithanya Yembari, Zluri’s SaaS management platform for IT teams helps companies discover, manage and optimise, secure and automate SaaS applications from a single dashboard.
The company claims to have grown over 100% month on month since inception and added over 100 new customers from North American and Asian markets in the past year. It counts large brands such as Chargebee, MoEngage, Guesty and Whatfix as customers.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced between January 5 and 10, 2022.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Zluri||Bengaluru||10 million||Series A||MassMutual Ventures||Endiya Partners, Kalaari Capital||Software||SaaS|
|Power Gummies||Delhi||6 million||Series A||9Unicorns||Vcats, DSG Consumer Partners, WIPRO Consumers, Sharpp Ventures (Marico Family office), NB Ventures||Pharmaceuticals||E-commerce|
|Bambrew||Bengaluru||2.35 million||Pre-Series A||Blue Ashva Capital, Supack Industries||Mumbai Angels||Packaging||E-commerce|
|LivFin||Delhi||2 million||Debt||BlackSoil||-||Financial Services||Fintech Lending|
|Courseplay||Mumbai||404,312||Seed||Inflection Point Ventures||-||Software||HR Tech|
|Campus 365||Gurugram||21.5 million||Seed||-||-||Education/Training||EdTech|
|QNu Labs||Bengaluru||-||-||Speciale Invest||WAOO Partners LLP||IT Security/Cybersecurity||-|
|EasyEcom||Bengaluru||2 million||Series A||IndiaMART InterMESH Ltd||-||Information Services||E-commerce|
|BikeWo||Hyderabad||-||-||Venkatesh Daggubati||-||Energy Storage & Batteries||Electric/Hybrid Vehicles|
|Udaan||Bengaluru||250 million||Debt||-||VBG Realty LLP, Blacksoil Asset Management, Blacksoil India Credit Fund, Corsa Ventures, Walton Street India||Retail||E-commerce|
|Falcon Autotech||Greater Noida||-||-||Delhivery||-||Industrial Machinery||-|
|STAGE||Indore||2.5 million||Pre-Series A||Blume Ventures, Better Capital||IPV, TCA, Vikay Shekar Sharma, Aprameya Radhakrishnan, Akshat Rathee, Roman Saini, Ranveer Allahabadia, Dhruv Rathee||Internet||Digital Media|
|RupeeRedee||Gurugram||1 million||Debt||Eclear Leasing and Finance Pvt Ltd||-||Financial Services||Fintech Lending|
|AarogyaAI Innovations||Delhi||700,000||Seed||Redstart Labs, Avaana Capital||Entrepreneur First (EF), First In Venture||Healthcare Specialist||HealthTech|