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2014-10-14

Sapience raises Rs 45 crore Series B from Orios Venture

The funding is intended to further accelerate the rapidly growing customer base by reaching out to new segments in the professional and mobile workforce categories.

Sapience Analytics has announced that it has closed a series B investment of INR 450 million raised from Orios Venture Partners. The company has previously received funding from Indian Angel Network and Seed Enterprises.

 

The funding is intended to further accelerate the rapidly growing customer base, by augmenting sales and marketing in the Americas, reaching out to new segments in the professional and mobile workforce categories, and expanding product capabilities for higher value addition to Sapience customers.

 

“At Sapience, we are delivering something that is quite transformational. Globally, more and more knowledge workers are becoming increasingly conscious about the need for mindfulness at work. Sapience has pioneered a unique concept of Sapience Work Yoga which helps employees achieve much more at work with reduced stress. The series B funding validates our product vision, execution and business strategy so far, and provides the impetus to raise it to the next level,” said Shirish Deodhar, Co‐founder and CEO, Sapience Analytics.

 

“With an impressive growth to 100,000+ users across 7 countries and 60+ customers, including 5 of India’s top 10 IT companies, 4 Fortune Global 200 and several billion dollar enterprises, Sapience is undoubtedly the leader in workforce effort analytics space, especially in India. Our investment is aimed at expanding their market reach, and ensuring that Sapience Analytics rapidly achieves global prominence,” said Rehan Yar Khan, Managing Partner, Orios Venture Partners.

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