Zestl gets Funding from Lead Angels, Eagle10 Ventures, others

Zestl Software, a Pune-based workflow automation startup has raised an undisclosed sum in a pre-series A funding jointly led by Lead Angels, Eagle10 Ventures and Contrarian Vriddhi Fund. Other investors who participated in this round include Gemba Capital, Omphalos Ventures, Genesis IT Innovations, former E&Y India national director Sunil Chandiramani and former Rothschild India managing director Sanjay Bhandarkar.

“Existing SaaS (software as a service) collaboration solutions fail to automate enterprise processes end to end. The gaps end up killing user adoption and as a result RoI (return on investment). Zvolv gives users applications that are highly customized to specific business processes” said Prashant Pansare, co-founder, Eagle10 Ventures.

The company which is registered in India and the U.S., will deploy raised funds in product enhancement, expand its sales and marketing team. Further, it plans a full launch in the United States in the next six months. The company had previously raised an undisclosed amount from a group of individuals in its seed funding in late 2016.

Zestl was founded by Stanford University alumnus Hardik Gandhi, IIT-Kharagpur graduate Pushkar Prasad and IIT-Kanpur graduate Kapil Phadke in 2015. The company operates an enterprise SaaS platform Zvolv, which helps enterprises transform their operations by building intelligent, collaborative workflow automation apps.

“The Zvolv platform automates and adds structure to chaotic people/data-centric collaboration processes, helping drive organisational efficiency and faster time to market. Whether its opening new outlets/stores, launching new products, distributed data collection and business intelligence, or machine data-driven workflows, Zvolv applications can be created in a matter of days, with no developer dependence,” Hardik Gandhi, co-founder and chief executive of Zestl said.

Applications built using Zvolv incorporate AI, CognitiveAutomation, Analytics, Collaboration, Document Management and many other core functionalities. Currently, the startup works across FMCG, Hospitality, Education, Healthcare sectors. It claims to have more than 25 clients which include Domino’s Pizza, Future Group among others.