Jiffy.ai raises $53 Mn in Series B round led by Eight Roads

B2B automation platform Jiffy.ai has raised $53 million in its Series B round led by Eight Roads Ventures. The round also saw participation from venture firms Iron Pillar, R-Squared, and existing investors Nexus Venture Partners, Reaction Capital and Rebright Partners.

The Bengaluru-based company will use the funds to scale its sales and marketing efforts, and advance its HyperApp platform, it said in a press release.

Founded by Babu Sivadasan, Jiffy.ai helps clients assemble automated business capabilities that can learn and adapt to changing needs with little or no additional resource and operational expenditure.

Earlier in June 2020, Jiffy.ai had raised $18 million from investors led by Nexus Venture Partners.

Jiffy.ai works with several Fortune and Global 500 clients across industries such as Finance and Accounting, BFSI, Telecom, Retail and Airlines, as well as business areas like HR and IT.