SaaS-based B2B startup Noticeboard raises Rs 8 crore

Bengaluru-based enterprise communication startup Noticeboard has raised Rs 8 crore in its first round of funding led by Stellaris Venture Partners.

The funding round also saw a participation from a clutch of early stage investors like BlackBuck's founder Rajesh Yabaji, YuMe's cofounder Jayant Kadambi and other angels from Stellaris’ founder network. As a part of the deal, Alok Goyal, partner at Stellaris, will join the firm’s board.

The funds raised will be used to strengthen the technology, product and design teams.

As per company’s statement, there are over 2 billion workers in the organised sector in the world who don’t have an email address, often receive company information manually in a slow process. As a result, updates, feedback and other items of notice take time to trickle down to the frontline staff leading to information gaps, poor training and a feeling of disengagement for the employee.

B2B Noticeboard is focused on leveraging the power of the mobile phone to make information more accessible. It is looking to enable such frontline staff with real-time communication and make them participants of the knowledge economy, reported ET.

Vishal Gahlaut, CEO of Noticeboard said, "Smartphone and data penetration have ensured that even the lowest rung of employees have access to smartphones."

Gahlaut also added,"Given that they are digitally connected, there is no reason why information should reach them in the same broken manner as it has been so over the past years."

Founded in August 2016 by former top executives from Myntra, Vishal Gahlaut, Vishesh Dahinwal and Sarath Chandran, Noticeboard works with companies in the retail brand, logistics, ecommerce, food tech, auto rentals and also looking to expand in international market.

“Despite nearly three decades of email and thereafter a variety of communication tools for the desk workers, enterprise communication eludes the frontline staff.  With over 300 million such workers in India and over 2 billion globally, we believe that this is a massive opportunity and one that should naturally come from India,” said Alok Goyal, Partner, Stellaris.