Vinculum raises Series B Funding from IvyCap Ventures and Accel Partners
CoolAvenues Newswire | March 10,2014 04:17 pm IST
Vinculum has raised an undisclosed amount of funding from IvyCap Ventures and existing investors, Accel partners. The company had raised funding from Accel Partners in 2010.
Vinculum started by Venkat Nott, Piyush Madan and Deepak Singhal in 1997 is a software company providing multi channel fulfilment software products for eCommerce portals and shops who want to have online shopping. The company has developed a suite of SaaS products, Vin eRetail, Vin MDM and Vin stores.
Vin eRetail is a cloud based suite which offers end to end suite or as individual modules. It consists of Merchandising, Store inventory management, order fulfilment, warehousing, reverse logistics, analytics dashboard. Vin MDM is a rule based engine for master data management.
The company will utilise the funds to expand in US markets. The company will also hire some senior level employees for marketing, sales, cloud and analytics reports VCCircle.