Private Equity VC Fund Investments
Customer experience analytics platform Clootrack raises $4-M from Inventus, IAN Fund, others
Source Inc42 (opens in a new tab)
US-headquartered and Kochi-based customer experience analytics platform Clootrack has raised USD 4 million in a Series A round led by Inventus Capital with participation from existing investors Unicorn India Ventures, IAN Fund, Salamander Excubator Angel Fund (SEA Fund) and others. With this round, Clootrack has raised a total of USD 4.6 million. The firm will use the fresh funds for product development, market expansion in the US and to hire talent.
Founded by Shameel Abdulla and Subbakrishna Rao in 2017, Clootrack claims to be a smart customer experience analytics platform made for enterprises seeking higher customer retention rate. The startup claims to help its clients address their customers' concern 10x faster while reducing the cost incurred to address such issues by 85%
From the Venture Intelligence PE-VC Deal Database: In 2017-2018, Clootrack had raised about USD 600,000 in seed funding from SEA Fund, IAN Fund, Kris Gopalakrishnan, Unicorn India Ventures, and others.(Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)