Enterprise Solution Provider Applicate gets backed by HNIs for $1 million
Bengaluru, India | Red Newswire | Jan 27, 2016 Last Updated at 12:00 PM IST.
The Bengaluru-based enterprise solution provider ‘Applicate’ has raised $1 million from a few HNIs. The startup develops software for helping enterprises in workforce management. The company will use the funds to develop their new product Trade Gini.
Investors including Rishi Vasudev (VP, Flipkart), Amit Gupta (VP, Urban Infra), Rajiv Nayan (Director, TCS Canada) and Rakesh Mishra (Ravian Pharmaceuticals) participated in the latest round among others.
Trade Gini is an e-distribution patform that enables consumer good companies to reach retailers. On the flip side, it allows retailers to connect with consumers offering goods as per their requirements.
Rajneet Kumar and Deepak Rewadi founded Applicate in 2014 and has succeeded in coming up with a solution that integrates all aspects of front-end execution. Before this, the firm had raised INR 3.5 crore last year.