EisenVault, Secures Angel Investment
EisenVault, Document Management Solution, Secures Angel Investment to Fund Their Growth and International Expansion
The angel investors have a mix of industry and functional experience that will help EisenVault in product development and expansion. The group includes Harsha Bhatkal, Director, Talwalkars Better Value Fitness Ltd. and Indian Cookery Pvt Ltd., Rajan Verma, a senior finance professional, associated with organisations like The Regus Group, Thomson Reuters and Accenture in the past. Anoop Singh Bishnoi, MD Bisco Ltd. and associated with Bhanu Industries and past president of the Doon School Old Boys Society. Roshni Bishnoi, promoter of Haryana Strips Pvt Ltd., a contemporary agriculturist and a philanthropist running an educational institution.
Mr. Harsha Bhaktal, who is associated with a few diverse businesses said, "EisenVault has a great value proposition. The broader market dynamics of companies going digital augurs well for the solution. The EisenVault team has the right mix of skills and professional background to scale up the business."
Mr. Anoop Singh Bishnoi, a serial entrepreneur himself said, "The passion and zeal of the EisenVault team impressed us. Their ability to execute given that they have worked with some of the best brands in India and abroad was one of the key driver for us to invest."
Vipul Swarup, Co-Founder & Head of Product, EisenVault said, "There is a strong need for a flexible document management solution among SMEs. We have a large pipeline of upcoming product features, which is driven by customer requests. EisenVault's search and advanced filing capabilities are seeing a lot of interest among customers."
Vinay Singh, Co-Founder & Head of Commercial, EisenVault said, "EisenVault is seeing continued interest and success in the market. We are looking forward to growing our business across India and overseas by expanding our teams and channel partnerships. The network and guidance of the investors will help in growing the customer base for EisenVault."
EisenVault has started operation in Thailand and Nepal by entering into channel partnerships. In Thailand, they have partnered with FXR Retail and in Nepal with MARS (Marketing Advertising Research Solution Pvt. Ltd.).
Mr. Andrew Campbell, Managing Director, FXR said, "Thai businesses are adopting digital and software solutions to become efficient and EisenVault will be a solution that could help companies move to a paperless environment. The Thai interface and OCR of EisenVault will make it a great offering for Thai companies looking to increase efficiency and reduce admin costs."
Mr. Manish Adhikari, Managing Director - MARS said, "Times are constantly drifting towards digital platforms. It's important that we adapt products and services that suit this new era. We are extremely excited about partnership with EisenVault. We are confident this will help Nepal forward into the digital age."
EisenVault plans to deploy the funds to accelerate product development and increase its reach in India and overseas. EisenVault plans to create backend customer service support, product development, sales and channels teams in their Delhi office to support the expansion across India and overseas.
Head - Marketing, EisenVault