Hotline: 1800 102 2007
X
Search Business Opportunities
2013-04-03

Indix secures $4.5M in funding from Nexus Venture Partners and Avalon Ventures

The US and Chennai-based firm Indix today announced that it has secured $4.5 million in series A funding from venture capital firms, Nexus Venture Partners and Avalon Ventures. The company had previously raised $1.4 million from seed investors, including

The US and Chennai-based firm Indix today announced that it has secured $4.5 million in series A funding from venture capital firms, Nexus Venture Partners and Avalon Ventures. The company had previously raised $1.4 million from seed investors, including Nexus Venture Partners.

Indix works on big data, analytics, visualizations and applications that help product and services companies manage and get the most out of their product portfolio. The company is building a cloud-based product for individuals in businesses around the world and will continue to be in stealth mode until later this year, as per a release.

“Indix is working on a disruptive concept that addresses a compelling need,” said Naren Gupta, Co-Founder & MD, Nexus Venture Partners. “Indix has a brilliant team and we are very excited to work with them,” he added.

“We love that Indix is pioneering a new type of business application that is data and insight rich and visually appealing,” said Rich Levandov of Avalon Ventures.

“We have really enjoyed working with Nexus this past year,” said Sanjay Parthasarathy, CEO and Founder, Indix. “And Avalon’s connection to Seattle and MIT make them a wonderful addition to our list of investors,” he adds.

The release stated that the new funding will be used to accelerate product development and scale marketing and sales in the United States.

Indix was founded in late 2010 and started operating in late 2011.

Related opportunities
  • Quick Service Restaurants
    About Us: Café 2.o is café from Mumbai known for its..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
    About Us: Dr.'s Point and Er.'s Point institutes are  Pioneer in..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Tandoori Trumpets is a chain of casual dining restaurants..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • Computer Hardware & IT
    About Us: Mindlogicx is a global knowledge engineering company , and..
    Locations looking for expansion Karnataka
    Establishment year 2002
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts