India: Zomentum nabs $13m funding from Elevation Capital, Accel, others

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San Francisco-headquartered SaaS startup Zomentum, which has an R&D centre in Bengaluru, has raised $13 million in a Series A funding round from Elevation Capital, Accel, and Greenoaks Capital.

The financing also saw participation from Eight Roads Ventures.

The latest round follows the $4.1-million seed funding raised by the company in July last year. It plans to use the funding for product development and to expand in multiple geographies.

Founded in 2018 by Shruti Ghatge and Rahil Shah, Zomentum provides an all-in-one solution with various product modules that enables IT channel partners to grow their business and add new customers.

“Zomentum has already demonstrated its immense value as a powerful platform for IT channel sales and already fuels more than $100 million worth of IT transactions. The software is ready to augment IT sales further using data-science and Machine learning,” Shruti Ghatge, founder and CEO, Zomentum, said.

According to Zomentum, its platform allows IT channel partners to close deals 2X faster and upsell 6X of their standard deal value consistently with a higher win-rate. The company, which started selling its products in the month of January 2020, last claimed to have acquired clients across four continents.

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.