Taqtics is a cloud-based SaaS platform that raised 1.2 million USD during its seed funding round. Capital-A and Sprout Venture Partners led the funding round along with other investors including OKava Capital. The company offers several tools to help managers streamline store operations. The company plans to use these fresh proceeds to scale its operations, expand its product capabilities, incorporate AI-driven analytics in its platform, and develop its market presence.
The company also offers efficient asset management that ensures optimal use and maintenance of store assets. The Taqtics team also provides an issue-tracking system that resolves operational challenges while boosting performance. The SaaS platform optimizes the overall performance of the application. This investment will enable the startup to improve its performing capability and introduce new solutions. The cutting-edge technology enhances and elevates the unique strengths of the platform. The investment shows investors’ interest in Taqtics’s market potential and business model.
The software platform features real-time compliance, employee training, improvement tracking, and SOP management for smooth onboarding. Taqtics also simplified visual merchandising to enforce brand guidelines. The company intends to use some of the new funds to launch new offerings and strengthen its presence. The SaaS firm uses advanced technologies to provide cloud-based HR management software for remote teams. The startup has raised investment from its existing angel investor Vikrant Gupta during its angel funding in 2022.
The startup claims to have the participation of Capital-A in this funding round. The investment firm launched its second fund with a target corpus of Rs 400 crore. Capital-A is mainly focused on economic growth and environmental sustainability. Before, this round Capital-A invested in around 20 startups including Tan90, Bambrew, Jiraaf, and Riskcovry. The data intelligence platform, tracxn mentioned that the post-money valuation of Taqtics was around 1.52 million USD as of 2022.
The Bengaluru-based startup will use some of this investment to enhance its resources, advance its technologies, expand its production, and improve its platform to offer the best user experience. This funding will enable the startup to provide innovative software solutions globally. The development came just after the SaaS sector saw increased investor interest. The company faces competition from other SaaS-based platforms in the same market segment such as Cegid, RELEX, and Wasoko.
Conclusion :
The SaaS startup Taqtics secured 1.2 million USD in its ongoing seed funding round from Sprout Venture Partners and Capital-A with the participation of Java Capital and other investors. The startup intends to use this fresh capital to scale its operations, expand its product capabilities, launch new services, and develop its market presence. The development came just when the firm saw increased investor interest.
The company develops software solutions for restaurant operations including attendance and workflow for remote teams. The cloud-based SaaS platform acts as an HR management system to check workflow. The platform allows advanced technologies to enhance the transparency and efficiency of the application. The startup competes with other platforms in the same market segment including Cegid.
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