Indore-based B2B IT service aggregator company EngineerBabu has raised an undisclosed amount in a Seed round of funding led by Scale Ventures.
The raised funds will be infused in expanding its client base in US, China, Japan and other potential countries.
This is Scale Ventures’ first investment. Founded by the ex-CEO of Indianroots, Rahul Narvekar and Rathi scion, Nilesh Rathi – Scale Ventures was announced last week. The fund has also acquired the portfolio of Delhi-based Guerrilla Ventures.
EngineerBabu was launched in 2014 by Mayank Pratap and Aditi Chaurasia. Avdhesh Pratap Solanki was later roped in as the third co-founder. The founders call themselves as Alibaba for IT services and aims to bridge the prevalent demand and supply gaps in the IT service industry. Initially, started as a product oriented company, EngineerBabu later shifted its focus on delivering services to clients. It offers services such as web development, mobile app development, web designing, logo designing, and digital marketing services.
As explained by Aditi further, “Indian IT industry is currently valued at $143 Bn. Although millions of projects are outsourced to India on a daily basis, the majority of leads go unconverted. Reason – the companies are able to reach only a few major IT service providing companies and the startups even with an excellent domain expertise lag behind. EngineerBabu aims to bridge this gap.”
Courtesy: INC42
The raised funds will be infused in expanding its client base in US, China, Japan and other potential countries.
This is Scale Ventures’ first investment. Founded by the ex-CEO of Indianroots, Rahul Narvekar and Rathi scion, Nilesh Rathi – Scale Ventures was announced last week. The fund has also acquired the portfolio of Delhi-based Guerrilla Ventures.
EngineerBabu was launched in 2014 by Mayank Pratap and Aditi Chaurasia. Avdhesh Pratap Solanki was later roped in as the third co-founder. The founders call themselves as Alibaba for IT services and aims to bridge the prevalent demand and supply gaps in the IT service industry. Initially, started as a product oriented company, EngineerBabu later shifted its focus on delivering services to clients. It offers services such as web development, mobile app development, web designing, logo designing, and digital marketing services.
As explained by Aditi further, “Indian IT industry is currently valued at $143 Bn. Although millions of projects are outsourced to India on a daily basis, the majority of leads go unconverted. Reason – the companies are able to reach only a few major IT service providing companies and the startups even with an excellent domain expertise lag behind. EngineerBabu aims to bridge this gap.”
Courtesy: INC42
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