IPV and ONGC lead $1 Mn Series A round in Syook

Enterprise tech startup Syook has raised $1 million in its Series A round led by Inflection Point Ventures (IPV) and Oil and Natural Gas Corporation (ONGC).

According to the Bengaluru-based startup, the funds will be used to enhance and ramp up its engineering team, and its presence in the overseas markets primarily in the Middle East and Southeast Asia.

Started by Arjun Nagarajun, Saurabh Sharma and Aman Agarwal, Syook’s modular and configurable no-code platform helps companies supercharge their operational efficiency. The platform is being used in manufacturing, logistics, auto and the oil and gas sector.

The startup currently works with tech giants such as Microsoft, Accenture, Siemens and Bosch. Hindustan Unilever, Reckitt Benckiser, FIAT and the TATA group are also working with Syook as its customers.

The lead investor in this round IPV has made 69 investments including this round, its recent investment was in July this year in an educational neo-bank for children, Streak for an undisclosed amount in its seed round.