Vinculum, a software and services company with SaaS ( Software as a Service) based software products for the eCommerce and Multi Channel retailers has secured Series B funding from IvyCap Ventures and Accel India Ventures.
“This is growth capital. We are looking to move into new markets. US is our immediate priority,” Venkat Nott, the CEO & Founder of Vinculum told NextBigWhat. The company is also planning to hire a set of senior employees for marketing, sales, cloud and analytics.
The company did not disclose the amount of funding it raised. However, Nott said that it doesn’t plan to raise money for organic growth after this round.
Vinculum wants to setup channel partners globally to market eRetail and other products it has built.
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