Software enterprise Kuliza Technologies Pvt. Ltd has raised challenge funding from a US investor, nearly six years after it first mopped up institutional capital from Blume Ventures in 2013.
Kuliza has raised $3 million (Rs 20.8 crore) from Silicon Valley-based assignment capital company Emergent Ventures, the employer said in a statement.
The business enterprise will use the price range to gas its studies and development for its flagship product Lend. In that become launched in 2017. The product enables banks and lending institutions to boost performance and decrease the value for clients.
Kuliza, which turned into founded in 2006 by using Aparna Sharma and Kaushal Sarda, presents digital transformation and operational intelligence answers for monetary corporations. The employer stated economic enterprises have processed loans well worth $1 billion via the usage of Lend.In.
Gaurav Jain, leader technology officer, Kuliza, said the enterprise will cognizance on advancing towards a no-code platform for monetary corporations with the intention to assist its customers to develop software quickly without coding.
“At Emergent Ventures, we are continually looking for marketers who are on a speedy trajectory of private growth, which in flip sets up their agencies for sustained increase,” stated Ankur Jain, founder, and associate, Emergent Ventures. “We see brilliant potential in Kuliza which has installed a strong foundation for fast and sustainable growth. Their products are riding tremendous fee for his or her customers and Kuliza is taking pictures market share from incumbents.”
Kuliza had raised an undisclosed quantity in funding from Blume Ventures for global expansion and advertising in August 2013. The next month, Kuliza obtained social advertising platform Adepto, additionally backed with the aid of Blume Ventures, for an undisclosed amount.
Emergent Ventures is an early-stage challenge capital firm that invests in IT companies, especially business enterprise era companies centered on IT infrastructure, facts management, protection and business programs, its website shows. The firm backs startups in Silicon Valley and India and invests from the seed degree until the Series Aspherical.
The undertaking company has additionally invested in California-based Observe.Ai, which adds an era group in Bengaluru, and Minjar Cloud Solutions Pvt. Ltd, which operates a cloud computing platform. Minjar was received via Nutanix remaining yr.