May 4, 2015

Applicate mobile startup raises Rs 3.5 crores

Applicate mobile startup raises Rs 3.5 crores

"Applicate" a startup that provides an integrated cloud based mobile and web platform for store connect, tracking  execution across channels, sales hierarchy, retail market  has raised Rs.3.5 crores at a valuation of 40 crores from senior corporate professionals working at leadership positions in large corporates.

We are already working with some of the top Indian and Multinational companies like Kelloggs, Britannia, Pidilite, Madura Garments, Hero and AppsDaily at pilot or scale-up stage and are at the final stage of closing the formal agreement with 22 more companies,” says Ranjeet Co- Founder of Applicate.

Applicate is now concentrating on getting more clients onboard and plans to raise a series A of $5 million by the end of 2nd quarter of 2015 to fuel growth.

Applicate founders haven't disclosed revenues for 2015-16


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