SaaS start-up Paperflite secures ₹2.5 cr in seed funding

Our Bureau Chennai | Updated on January 22, 2018

Paperflite, a Software-as-a-Service start-up, has secured a seed funding of ₹2.5 crore ($400,000). The funding round was led by The Chennai Angels.

Vinoth Kumar, co-founder, told BusinessLine that the company will use the funding to strengthen its presence in the US and European markets and expand to emerging markets such as Latin America, Singapore, Malaysia, the Philippines and India.

He said: “Currently we have clients in the US and European regions. Now, we will establish local offices to deepen our market there.”

Paperflite enables small- to medium-size companies to improve their sales through content-sharing tools. The tools help enterprises deliver right sales and marketing pitch to potential buyers.

“We are in the B2B space and cater to sectors such as financial services and technology.

“Now the focus is on a specific industry: we are expanding to healthcare segment that includes life sciences, hospitals and medical devices, pharmaceuticals and automotive,” Kumar said.

Since its inception in 2016, the bootstrapped has had an investment of ₹63 lakh ($100,000. Paperflite has 20 clients across the US, Europe, Australia and West Asia. Kumar said plans to expand to Australia are also in the pipeline.

Published on January 22, 2018

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