Paperflite secures seed funding led by The Chennai Angels

CHENNAI: Paperflite, a Chennai-based Saas startup focused on mobile-first sales platforms closed a $400K seed funding round, led by The Chennai Angels.

Girish Mathrubootham, Founder and CEO of Freshworks, T R Santhanakrishnan, CEO of Datatracks and ex-CFO of Sutherland Global Services, Mithun Sancheti, CEO of Caratlane participated in the round as a part of The Chennai Angels among others. The round also saw participation from Like Mind Ventures led by Krishnan Srinivasan and an HNI group led by Adrian Rusu from Singapore both of whom join the Board as Observers.

Lakshmi Narayanan, ex-Vice Chairman and ex-CEO of Cognizant who also participated in the deal said, "Sales and Marketing is witnessing a massive Digital transformation to enable businesses create an engaging buying experience for their customers at every touchpoint. I'm excited on the Paperflite team's well-rounded experience to execute on this mission and their ability to translate this market opportunity to solve a critical problem of how companies interact with their prospect"

"With the right technology and objectives, I believe that Paperflite impeccably meets the essential requirements of the marketing and data world. With its affordable cost to small businesses it shall help them drive higher growth," said KS Vishwanathan, Vice President, Industry Initiatives, NASSCOM.