19th Mile raises ₹1.2 crores in angel investment

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

Gurugram-based 19th Mile, a sales acceleration platform has raised around ₹1.2 crores ($180,000) in angel investment from high net-worth individuals.

Some of its key investors include Rishi Vasudev, Vice President of Fashion at Flipkart, Ritesh Vohra, Partner at IDFC Real Estate Fund, along with Praveen Kumar, Chief Technology Officer, Finxera, and Prashant Gupta, Head of Marketing, Finxera.

The funds raised will be used for the development of the product, strengthening technology team, and increasing brand presence in India and overseas market.

19th Mile Capability Solution Pvt. Ltd, the company behind the artificial intelligence enabled sales acceleration platform was founded by Vijay Gogoi in 2015. It is an intelligent sales management and coaching platform that helps an organization to manage all the aspects of sales.

Vijay Gogoi, Founder and Chief Executive Officer, 19th Mile, said, “We have 20 customers as of now, which are mostly small and medium businesses while there are a few large enterprises too. We have grown over 10 times in the past three years and expect to cross Rs 20 crore revenue in the next three years,”.

Talking about the need for 19th Mile, Rishi Vasudev, Vice President of Fashion, Flipkart, said, “Traditional CRM systems are designed for the CXO. While the new cloud solutions provide technology to teams, there was nothing for the sales representative in the field. Because of that, the adoption rates never went beyond 30–40%. 19th Mile focuses on the seller, thereby making it very sticky with users. We have seen a usage of 80% or more on a weekly basis,”.

There are various other players in the market that are focused on providing sales solutions for its clients. Sales have always been an important aspect of most businesses and these new startups are looking to help them. Some of the major players providing competition to 19th Mile are Frontdesk AI, DigiConnectt, and ZineOne Inc., among others.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Wipro techies run in 110 cities to celebrate camaraderie

Bengaluru, Sep 22 (IANS) Celebrating the spirit of camaraderie, thousands of global software major Wipro's techies, their families, friends,...

Punjab CM slams Harsimrat on Golden Temple GST refund

Chandigarh, Sep 22 (IANS) Punjab Chief Minister Amarinder Singh here on Sunday slammed Union Minister Harsimrat Kaur Badal for her allegations that the state...

ISRO’s latest rocket science maths pains former officials

Chennai, Sep 22 (IANS) Indian Space Research Organisation (ISRO) Chairman K.Sivan's statement on Saturday that Rs 978 crore Chandrayaan-2 mission was 98 per cent...

Petrol prices rise Re 1.60 in one week post Aramco attack (Lead)

New Delhi, Sep 22 (IANS) Domestic fuel prices have increased significantly over the past one week after the recent drone attacks on Saudi-oil major...

3rd T20I: Unchanged India bat first in Bengaluru (Toss)

Bengaluru, Sep 22 (IANS) India have elected to bat first at the M. Chinnaswamy stadium here on Sunday in the third and final T20I...
- Advertisement -

More Articles Like This