Manch Technologies, a SaaS-based zero-coding digital transformation platform, has raised $1.1 million in its pre-Series A round led by Bharat Inclusion Seed Fund. Pentathlon Ventures has also joined the round.
According to the Bengaluru-based startup, the fresh capital will be used to ramp up its growth internationally and product development initiatives. The startup will also hire more staff in business development and marketing and plans to increase investment across marketing, sales and customer support functions.
Founded by Suresh Anantpurkar, Manch is focused on digitalizing interactions of enterprises with their external stakeholders. Its API-based zero-coding platform helps achieve rapid implementation enabling a paperless, contactless and cashless business environment.
With over 30 customers in India and abroad, Manch helps them to automate their business processes such as customer, vendor and merchant engagement, workforce management, identity verification, fraud control, and lending marketplace.
The four-year-old startup currently works with marquee brands such as Dunzo, NetAmbit, Paytm Money, PharmEasy, Swiggy, Xiaomi.