Manch Technologies, a Bengaluru, India-based SaaS-based zero-coding digital transformation platform, raised $1.1 million in a pre-series A round led by Bharat Inclusion Seed Fund with participation (BISF) from Pentathlon Ventures.
The company will use the new funding for stepping up its growth internationally and product development initiatives. Also, hire more staff in business development, marketing and plans to significantly increase investment across marketing, sales, and customer support functions as it gears up to scale.
Company: Manch Technologies
Raised: $1.1M
Round: pre-Series A
Funding Month: September 2021
Lead Investors: Bharat Inclusion Seed Fund
Additional Investors: Pentathlon Ventures
Company Website: https://www.manchtech.com/
Software Category: SaaS-based Zero-Coding Digital transformation Platform
About the Company: MANCH is a paper-less, presence-less, collaborative and secure platform that is conceptualized to help digitize business processes across various industries. Manch is a Developer of a SaaS-based digital signature platform designed to power digital transformation. The SaaS-based ZERO coding digital transformation platform enables capture and authentication of third-party information and verification of transaction workflows - with agility and accuracy. The zero-coding platform helps achieve rapid implementation enabling, a paperless, contactless, cashless business environment. The platform is used by several marquee brands in India including Dunzo, NetAmbit, Paytm Money, PharmEasy, Swiggy, and Xiaomi. Manch has so far processed more than 3 million transactions.
Source: https://www.business-standard.com/article/companies/manch-technologies-raises-1-1-mn-in-pre-series-a-round-led-by-bisf-121092800420_1.html