Licious founders plan 500 stores in 5 years with 6% operating profit margin. Targeting profitability by FY25, focusing on offline strategy. Improved demand forecasting and introduced subscription model for growth.
Licious founders plan 500 stores in 5 years with 6% operating profit margin. Targeting profitability by FY25, focusing on offline strategy. Improved demand forecasting and introduced subscription model for growth.
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“The company is looking to raise a $80 million round, which will be mostly fresh (primary) capital, and is in talks with several US-based SaaS-focused investors,” said one of the people.
Founded in 2008 by Umesh Sachdev and Ravi Saraogi, Uniphore provides a suite of software-as-a-service products targeting conversational analytics, assistants and conversational security, among others. It counts BNP Paribas, NTT Data and PNB MetLife among its customers.
The Chennai-based company had raised $51 million in its Series C funding in August 2019, led by March Capital Partners and with participation from Chiratae Ventures (formerly IDG Ventures), Sistema Asia, CXO Fund, ITP, Iron Pillar, Patni Family, and a few other investors.