APPIYO TECHNOLOGIES, RAISES S$500K FROM AXILOR VENTURES & THE CHENNAI ANGELS

SURVAIDER

Bangalore, March 13, 2018: Appiyo Technologies, the Singapore based start-up which offers Enterprise workflow automation solution has raised an S$500K seed round. The round was led by Axilor Ventures with participation from The Chennai Angels and others.

Appiyo makes the hitherto considered complex Enterprise Process Automation much simpler and more cost efficient with its next-gen BPM platform. With the ability to pan across complex enterprise IT systems to last mile customer interactions, it allows enterprises to crunch new business processes implementations.

The Appiyo BPM engine has been built from the ground up to fit into low footprint containers and can fit even into a 10MB memory footprint without compromising on any of the functionalities, a first for the industry. While we are encouraged by the traction from the Indian and Middle East markets, this inflow of capital will help us take our offering to the large western markets” said Ashok Anand, CEO and co-founder of Appiyo

Appiyo’s customer roaster today spreads across India, Middle East and Americas, and includes some well-known names from the world of Healthcare, FMCG, Logistics, Retail, Banking and Finance.

Enterprises will need to continuously invest in creating agile and unique customer experiences. Appiyo’s BPM platform with its lightweight architecture enables quick turnarounds and delivers massive savings in enterprise budgets. Appiyo’s BPM solution is already implemented by some Global fortune 500 enterprises which is a great validation of the product,” said Asutosh Upadhyay, Head of Programs at Axilor Ventures.

 “”Appiyo is the becoming a preferred platform for ‘customer interaction’, ‘actionable messaging’ and ‘wokflow automation’ needs. Having seen the platform capabilities, I see scope for larger impacts across the board for customers in the global market. I believe Appiyo is well poised to ride the wave of  digital transformation across enterprises in major sectors” – Sudhakar, TCA angel

Industry research states more and more businesses are now migrating from the traditional enterprise process applications and seeking intelligent and integrated solutions for business process management. The applications of which can be seen in use for big data analytics, marketing automation, data centre management, Chatbots and last mile customer interactions.

About Axilor Ventures:

Axilor Ventures is a platform for supporting early-stage startups. Axilor is a seed fund and is among the most active early-stage investors in the country. Over the last three years, it has supported more than 80 startups, invested in over 30 startups and has an active alumni community of over 200+ founders.

 About The Chennai Angels:

The Chennai Angels (TCA, www.thechennaiangels.com) is one of India’s most active angel investing groups. Founded in the year 2007, it is comprised of successful entrepreneurs and business leaders with a track record of starting and scaling large enterprises. Additionally, several seed and venture capital firms hold institutional membership in the group. Though it is located in Chennai, TCA’s investing members and portfolio investments are not limited by geography. Unusually for an angel investing group, TCA has a diversified portfolio that goes well beyond a restrictive tech focus, reflecting the diversity of its members’ interests. TCA portfolio companies benefit from the collective expertise and rolodex of its members.