Fieldproxy, a SaaS platform, has said that it has secured Rs 2 crore in its seed round. The fresh funding round saw participation from 2am VC, LetsVenture, and magic.fund, among others.
Speaking on the announcement, Ninad Karpe, Partner, 100X.VC, commented, “As the first institutional investor in Fieldproxy, we are delighted to see the response from investors. We believe that Fieldproxy has a world-class solution to improve productivity for organisations with a field force. With its no-code platform, organisations can quickly implement the product and reap its benefits. Fieldproxy has the capability to become a true leader in this space.”
Swaroop Vijayakumar, Co-founder and CEO, Fieldproxy, added, “We are overwhelmed by the encouraging response to our funding round and the confidence investors have in our potential in creating the first no-code app builder for field teams. Flexible, no-code platforms are the future and have transformed the way many desk teams work. We intend to be at the forefront of this transformation for businesses in field-first industries such as field servicing, consumer goods, pharma, energy, and infrastructure.”
Sunitha Ramaswamy, President, Early Stage, LetsVenture, said, “Covid-19 has accelerated multiple industries that we cater to. For example, today, due to COVID, the time we spend at home has reached record highs and there is a need to ensure that our home life support systems are always running. There are 5 million home servicing businesses who ensure their field technicians are always available to keep these essential services up and running. These businesses are currently being managed through pen, paper, emails, WhatsApp, and phone calls. We at LetsVenture are looking forward to working with Swaroop and his team, who are working towards building a no-code SaaS platform that will enable businesses to manage a field servicing team.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.