Zomentum, a startup that builds sales solutions for managed services providers, announced that it has raised $4.1 million seed funding from Accel and SAIF Partners.
The company will utilise the fund infusion to hire sales teams to service locations outside of North America, apart from investing in building its product and adding more tools to help serve IT services providers, of which there are estimated to be over 500,000 globally.
Founded in 2018 by Shruti Ghatge and Rahil Shah, Zomentum shipped its first product in January this year. The product is an all-in-one sales tool for IT providers to manage leads, assess customer requirements, generate proposals and manage billing.
“What we’re building is a tool for IT partners to be able to deliver modern cloud solutions in the most efficient way, but there are no tools available to these companies to make that happen,” said Ghatge, co-founder and CEO.
Ghatge described Zomentum’s customer base as the long-tail of IT services giant Infosys, mostly small IT services companies that manage implementation for small businesses that typically have fewer than 500 employees.
“We are excited about (partnering with) Shruti and Rahil, who have spent more than 18 months studying the market and starting Zomentum with a singular focus in making the IT partner ecosystem thrive and scale with a modern toolset,” said Shekhar Kirani, Partner at Accel.
Zomentum enables MSPs to ace their sales process by providing tools to close more deals and also generate more revenue from existing customers.
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