Mumbai-based SaaS platform, Futwork has secured $1 Million in fresh round funding co-led by Blume Ventures and Simile Venture Partners.
The round also saw the participation from other investors including Silicon Valley-based Riverside Ventures and other angel investors such as Shivakumar Ganesan (Founder – Exotel) and Phanindra Sama (Founder – RedBus).
“The funds will be used to build a product and grow the team to provide the best on-demand sales as a service engineer for companies, powered by work from home tele-callers. The company will focus on enterprise customers and large outbound calling use cases,” the statement said.
Speaking on the fundraising, Niranjan Nakhate, Cofounder of Futwork, said, “The last year of building Futwork has given us a great view into how we can help companies increase conversions and revenue, with tele-calling at the core. With this round, we aim to build more tools for our customers and to become the de facto black box solution for Indian enterprises to scale up their inside sales.”
Commenting on the investment in Futwork, Sajith Pai, Blume Ventures commented, “Futwork is building the future of inside sales. Any enterprise can set up and ramp up an inside sales operation, using Futwork’s platform to access a remote, distributed online sales team. Futwork’s platform is also helping transform the lives and families of Tier 2/3 Indians helping them earn a steady income.”
“With this new round, they will get to invest further in their tech, sales, and operations, thereby supporting more enterprises and transforming more lives. Blume has been a proud believer in Futwork’s mission to transform inside sales. We continue to believe in that mission, and are proud to be a part of the new round, furthering the mission,” Pai added.