JSW Ventures led a $ 1.5 million (about Rs 11.1 crore) financing round for Zvolv, a corporate SaaS platform.
The money will be used by Zvolv to expand its customer base globally, encourage rapid adoption in an increasingly work-from-anywhere environment, and improve the platform’s AI/ML capabilities, according to the company.
Launched in 2018, the platform has seen rapid adoption by large enterprises like Tata Group, Aditya Birla Group, Accenture, KPMG, Dominos, Swiggy, and Lenskart. “We are thrilled to partner with JSW Ventures and Riso Capital and have them on board in this exciting journey. More and more enterprises are switching to no-code and low-code development platforms to dramatically increase application delivery speed,” Zvolv Co-founder and CEO Hardik Gandhi said.
Sachin Tagra, Partner at JSW Ventures, said Zvolv’s intelligent no-code platform is creating immense value for its customers. “In this increasingly digital environment, we are seeing accelerated demand for platforms like Zvolv that empower businesses to rapidly design and implement secure applications. We are excited to partner with Zvolv to help in fuelling their growth, product innovation, and expanding the global footprint,” he added.