Cnergyis provides their clientele Software-as-
With a record of processing 1.4 lakh employee records per month, Cnergyis has ambitious plans to cater to 50 lakh employees in the next 4 years. Currently Cnergyis caters to large organizations having people spread across 400 locations in India and are planning a separate focus on the SMB market by aligning with existing Payroll service providers.
“We are happy to invest in this ‘lead the way’ and ambitious company. We recognize Cnergyis to have pioneered various services and their approach of using the right blend of technology and processes have lead them to new heights. The business model is based on their insight into the industry and their experience over the past eight years. The very fact that it is lead by experts with over 25 years of experience has provided us the confidence to invest into them” said, Mr. Prashanth Prakash, Partner, Erasmic
“The funding monies will be utilized to invest further into Technology and Marketing. We are happy to have a strategic and management partner in Erasmic and Mumbai Angels. This funding will enable us to provide better services to our clients and we look forward to a rewarding year, said Mr. Prasad Rajappan – Founder of Cnergyis
“We are very upbeat about the SaaS model and having predicted this major shift even 5 years ago, we have an edge over others in implementing it and taking it to the clients, he added.
About Cnergyis
Cnergyis founded in 2000 is a one stop solution provider of HR / Benefit Administration Services. Cnergyis offers a wide range of services encompassing Enterprise and Outsourcing solutions and initiatives in E-Governance and Advisory activities. Headquartered in Mumbai with have offices in Delhi, Bangalore, Chennai, Hyderabad, and Pune. Known as Fin-e-ssential Infotech India Ltd (FIIL) formed www.FileMyReturns.com the premier Tax Filing Service in 2000 and successfully implemented e-Filing and Suvidha - Bulk Filing Scheme.
www.cnergyis.com
About Erasmic Venture Fund
Erasmic Venture Fund (EVF; www.erasmic.com)
For more information go to www.erasmic.com
About Mumbai Angels
Started in November 2006, the Mumbai Angels is a unique forum where its members may interact and exchange ideas and knowledge. The Mumbai Angels provides a unique platform to start up and very early stage companies by bringing them face to face with successful entrepreneurs, professionals and executives who are interested in and have the funds available to invest in start up companies.
Many members of Mumbai Angels have prior Silicon Valley experience. In addition to the capital of its members, the Mumbai Angels provides access to high quality mentoring, vast networks in India and abroad and inputs on strategy as well as execution.
For more information go to www.mumbaiangels.com
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