The round also saw the participation of Tiger Global Management, along with existing investors Accel, Founders Fund and Qualcomm Ventures LLC, the company said in a statement.
Zinier will use the funds to expand its global footprint into markets of Australia, Brazil, Chile, France and the Iberian Peninsula, the statement added. Besides, it will also invest in R&D to expand its AI-driven platform ISAC, and expand into additional industries that rely on field service work for business success.
“Services that we rely on every day – electricity, transportation, communication – are getting by on centuries-old infrastructure that requires a major upgrade for the next generation of users,” said Arka Dhar, co-founder and CEO of Zinier.
“A field service workforce powered by both people and automation is necessary to execute the massive amount of work required to not only maintain these critical human infrastructures, but to also prepare for growth. Our team is focused on enabling this transformation across industries through intelligent field service automation.”
Zinier claims that its intelligent field service automation platform helps organisations work smarter—from the back office to the field. It has worked with global companies like Black & Veatch and Car-Sa, and formed strategic partnerships with system integrators like Capgemini and Tata Consultancy Services.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India from January 14-January 16.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|Zinier||US, Bengaluru||90 million||Series C||ICONIQ Capital||Tiger Global Management, Accel, Founders Fund, NGP Capital, Newfund Capital, Qualcomm Ventures||Technology|
|Toddle||Bengaluru||-||-||Matrix Partners India||Better Capital, Rahul Jaimini||EdTech|
|WYSH||Hyderabad||2 million||Series A||Kalaari Capital||Whiteboard Capital, Touchstone Equities, AngelList, AET fund, IIMK, GEMBA Capital||Consumer|
|Aesthetic Nutrition Pvt Ltd||New Delhi||-||Pre-Series A||DSG Consumer Partners||-||Health & Wellness|
|TechnifyBiz||New Delhi||2 million||Seed||Omnivore, Insitor Impact Asia Fund||Shashank Kumar, Harshil Mathur||LogiTech|
|Numocity||Bengaluru||-||-||Ideaspring Capital, Rebright Partners, ABB Technology Ventures (ATV)||-||Technology|