Tag: Magenta Bi

Magenta BI Raises Rs 60 Lacs in Seed Funding from Angel Investors

Magenta BI Raises Rs 60 Lacs in Seed Funding from Angel Investors

Investment
Ahmedabad, Nov. 25, 2020: Magenta BI, Ahmedabad based SaaS platform, has raised Rs 60 Lacs in Seed funding from investors including Santhosh G, an Angel Investor, Manoj Agrawal (CFO, HN Safal Group) and Sachin Chaturvedi (Promoter, Prarambh Group). The company was founded in 2018 by entrepreneurs, Vikas Mundhra, Founder & CEO and Vikalp Somani, Co-founder & CTO. The company operates the Magenta BI platform that helps SMEs make data driven decisions through Actionable Analytics.  The investment will be used to grow the company’s sales, marketing and engineering to expand its product offering.  Speaking on the announcement, Mr. Vikas Mundhra (Founder & CEO of Magenta BI) said, “At Magenta BI we are excited about the funding from angel investors. It comes at a time when ...