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Bengaluru-based ZapStitch, a cloud data integration platform, has raised $2 million pre-series A funding, led by Helion Venture Partners and Orios Venture Partners.
The funds will be utilised for product development, strengthening of team, and marketing initiatives, said the company.
Alok Goyal, partner, Helion and Rehan Yar Khan, General Partner, Orios Venture Partners, will join the board of the company. Zapstitch had previously raised seed funding from Orios.
Founded in 2014, by Satya Padmanabham and Ravi Madabhushi, ZapStitch enables companies to synchronise and move data across multiple cloud apps, seamlessly.
As several SaaS apps emerge and more and more companies move their business apps to cloud, there is a need for companies to automatically sync data between these cloud apps. Some of the apps that ZapStitch helps connect and integrates with, include Shopify, BigCommerce, QuickBooks and Xero, said the company in a release.
Padmanabham, co-founder, ZapStitch commented that today, an average enterprise uses five to eight cloud based business apps for various functions like e-commerce, accounting, CRM, email marketing, helpdesk and others. The data in each of these apps is highly fragmented, difficult and time consuming to manage. Business teams want to continuously sync and transfer data between these apps. But, getting these apps to talk to each other is a serious pain point.
ZapStitch solves these problems by providing simple and easy to use plug and play integration solutions. We are thrilled to have Helion and Orios on board; their track record in backing some of the best technology companies coming out of India and their significant knowhow of the technology product segment will help us scale and accelerate growth.
Helion is bullish on technology products that are targeting the global SMB market with a pull based sales model. Talking about the funding, Alok Goyal, Partner, Helion commented that the enterprise cloud market is still nascent but evolving very rapidly. Over the last decade, SaaS applications have grown exponentially, particularly in the SMB segment.
Integration of these applications is a very large market and currently in its infancy. Zapstitch addresses this large market through its differentiated product solution with deep integration and a seamless flow of data across applications. We are happy to collaborate with Zapstitch and are impressed with the founding team that comes with prior entrepreneurial and strong technology experience
Rehan Yar Khan, General Partner, Orios Venture Partners, added this is an incredibly large need with more and more business apps moving to the cloud; Satya and his team have built a simple way to address this problem on a daily basis and we are already seeing small and large enterprises adopt the product rapidly”.
Zapstitch is focused on the SMB market and has customers across the globe. The product currently offers integration between ecommerce and accounting apps and plans to cover integrations of CRM, Marketing, HelpDesk, and other cloud business apps as well very soon. ZapStitch is presently focused on US, Canada, UK, Australian markets and is working with companies like BolderBand, Piko Shirts and Pop Chart Lab to name a few.
