India-based data integration platform ZapStitch has secured $2 million in funding. Helion Venture Partners and Orios Venture Partners led the round. In addition to the funding, Alok Goyal of Helion and Rehan Yar Khan of Orios Venture Partners have been added to ZapStitch’s board.
Bengaluru, 2015: Bengaluru-based ZapStitch, a cloud data integration platform, today announced that it has raised USD 2M pre-series A funding, led by Helion Venture Partners and Orios Venture Partners.
ZapStitch is a data integration platform that enables businesses to automate their data flow across cloud business apps.The company will utilise the funds for product development, strengthening of team, and marketing initiatives. Alok Goyal, Partner, Helion and Rehan Yar Khan, General Partner, Orios Venture Partners, will join the board of the company. Zapstitch had previously raised seed funding from Orios.
Founded in 2014, by Satya Padmanabham and Ravi Madabhushi, ZapStitch enables companies to synchronize and move data across multiple cloud apps, seamlessly. As several SaaS apps emerge and more and more companies move their business apps to cloud, there is a critical need for companies to automatically sync data between these cloud apps. Some of the apps that ZapStitch helps connect and integrates with, include Shopify, BigCommerce, QuickBooks and Xero.
Satya Padmanabham, Co-founder, ZapStitch, says “Today, an average enterprise uses five to eight cloud based business apps for various functions like eCommerce, accounting, CRM, email marketing, helpdesk and others. The data in each of these apps is highly fragmented, difficult and time consuming to manage. Business teams want to continuously sync and transfer data between these apps. But, getting these apps to talk to each other is a serious pain point. ZapStitch solves these problems by providing simple and easy to use plug and play integration solutions. We are thrilled to have Helion and Orios on board; their track record in backing some of the best technology companies coming out of India and their significant knowhow of the technology product segment will help us scale and accelerate growth.”
Helion is bullish on technology products that are targeting the global SMB market with a pull based sales model. Talking about the funding, Alok Goyal, Partner, Helion says, “The enterprise cloud market is still nascent but evolving very rapidly. Over the last decade, SaaS applications have grown exponentially, particularly in the SMB segment. Integration of these applications is a very large market and currently in its infancy. Zapstich addresses this large market through its differentiated product solution with deep integration and a seamless flow of data across applications. We are happy to collaborate with Zapstitch and are impressed with the founding team that comes with prior entrepreneurial and strong technology experience.”
Rehan Yar Khan, General Partner, Orios Venture Partners, said “This is an incredibly large need with more and more business apps moving to the cloud; Satya and his team have built a simple way to address this problem on a daily basis and we are already seeing small and large enterprises adopt the product rapidly”.
Zapstitch is sharply focused on the SMB market and has customers across the globe. The product currently offers integration between ecommerce and accounting apps and plans to cover integrations of CRM, Marketing, HelpDesk, and other cloud business apps as well very soon. ZapStitch is presently focused on US, Canada, UK, Australian markets and is working with companies like BolderBand, Piko Shirts and Pop Chart Lab to name a few.
About Helion Venture Partners
Helion is a multi-stage, technology focused venture fund with over $600 million under management.
Helion invests in technology and technology-powered businesses such as eCommerce, online services, mobility, enterprise software and outsourcing. Founded in 2006, Helion has over fifty portfolio companies and has backed companies like MakeMyTrip, RedBus, TaxiForSure, YepMe, Ezetap and others. Helion has its offices in Bangalore, Gurgaon (NCR) and Silicon Valley.
ZapStitch is a data integration platform that allows companies to synchronize and move data across multiple cloud apps quickly and easily. Its product automatically syncs and updates data between various cloud apps – thus, providing the Right data at the Right place. This timely and accurate data is useful for companies to take fast and data-driven business decisions. It is an ideal alternative to time-consuming and error-prone manual data transfer, DIY custom integrations, outsourcing to a IT services company; or expensive enterprise integration solutions.
For more information please visit www.zapstitch.com
Orios Venture Partners is an early stage, technology focused, India Venture Fund. The fund has offices in Mumbai and Bengaluru with a portfolio of 20 investments. It is founded by Rehan Yar Khan whose investments include Ola Cabs, Druva and Jisee(Vuclip).
For more information please visit: http://www.oriosvp.com/