SaaS Management Start-up Zluri Secures USD 2M Funding From Endiya Partners and Kalaari Capital
Friday, January 15, 2021 6:30AM IST (1:00AM GMT)
Zluri command center
Bangalore, Karnataka, India: Zluri, a start-up that helps US mid-sized companies manage their SaaS applications stack, announced a seed investment of US$ 2M from Endiya Partners and Kalaari Capital. The funding will help expand sales, marketing, and engineering functions and build integrations and no-code workflow automation for SaaS applications.
Founded by Sethu Meenakshisundaram, Ritish Reddy, and Chaithanya Yambari, Zluri was born out of challenges experienced first-hand by the founding team. Today, 3
rd party SaaS solutions used by corporates do not follow systems or processes to manage them, leading to hidden dollar leakages, sub-par utilization, and rampant software duplication. With SaaS spend per employee expected to increase in the coming y
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The business boosting fund, managed by Northstar Ventures, has completed its first two investments which, as part of a wider funding round with other investors, saw two spinouts raise a total of £1,850,000. The fund was officially launched earlier this year to make substantial investments into spin-out businesses with high growth potential, and to attract investors from outside the North East.Â
One of the first businesses to receive investment was AMLo Biosciences, a Newcastle University spin-out developing diagnostics for early-stage skin cancer. The company received a total investment of £1.5 million, £400,000 of which came directly from the Seed Investment Fund. They will use the cash boost to enable a market launch in the UK and prepare for international expansion with the commercialisation of their new melanoma test AMBLor in the USA and Australia in 2021.
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