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Bangalore, June 21

Manthan Systems, a provider of Business Intelligence and Analytical solutions for the retail and consumer packaged goods industries, today announced it has received $2 million funding from the leading global venture capital firm, DFJ ePlanet Ventures. Manthan will use the financing to accelerate its growth and leadership in the market by expanding distribution reach through sales and marketing. Following the funding, Mr Ayaz ul Haque, Director, DFJ ePlanet has joined Manthan's board of directors. Manthan develops and markets a suite of software products and synergistic services to global retailers enabling them to take data-driven business decisions.

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