29 February 2024 – Zvolv, a leading Software as a Service (SaaS) startup, has successfully raised INR 16 Crores ($2 million) in a strategic funding round led by Silverneedle Ventures, a prominent venture capital firm. Existing investors, including JSW Ventures, also participated in the funding round. The capital infusion will fuel the deployment of Zvolv’s generative AI tools, enhancing its low-code/no-code (LCNC) capabilities. The startup plans to expand its offerings and presence in the US through collaborations with resellers and establishing a direct presence.
About Zvolv:
Zvolv, founded in 2018 by former Apple and Texas Instruments employees Hardik Gandhi and Sujoy Chakravarty, specializes in providing enterprises with automation solutions through its low-code/no-code platform. The recent funding round, led by Silverneedle Ventures, underscores the industry’s recognition of Zvolv’s potential and its traction in the large enterprise segment.
Zvolv’s LCNC solutions empower enterprises to streamline and automate their processes effectively. With a client base including prominent names like Swiggy, Lenskart, and Titan, Zvolv addresses operational inefficiencies across various sectors, such as retail, HR operations, and supply chain management.
Funding Utilization:
The $2 million funding will play a crucial role in the widespread deployment of Zvolv’s generative AI tools, strengthening its LCNC capabilities. Additionally, the capital will be utilized to expand offerings and footprint in the US market, leveraging reseller collaborations and establishing a direct presence.
Zvolv’s strategic funding round not only validates its potential but also positions it as a major game-changer in the hyper-automation market. With the unique AI orchestration capabilities offered by its latest solutions, Zvolv aims to bring significant advancements to the automation landscape. The startup’s operations span India, the US, the Middle East, and Australia, reflecting its global presence and ambitions.
Conclusion:
Zvolv’s latest funding, led by Silverneedle Ventures and backed by existing investors, marks a pivotal moment in the startup’s journey. As it continues to innovate in the LCNC and automation space, Zvolv is poised to make a substantial impact on large enterprises globally. The funding not only fuels immediate plans for deployment and expansion but also positions Zvolv as a key player in the competitive SaaS landscape. The startup’s commitment to addressing operational inefficiencies aligns with the growing demand for efficient automation solutions in various industry sectors.
