Sjain Ventures Raises $ 0.5 Million in Pre-Series A Funding


New Delhi [India], Sep 18 (ANI / SRV Media): Sjain Ventures is a privately held IT services and product development company that started in 2009. Sjain has established its roots in a Level II city; the company envisions a world without a digital divide and access to cutting-edge innovative technology for all segments of society for all their needs.

They have head offices in 5 national and international bases and cover a clientele of 1,200 people in more than 40 countries. Looking at the valuation of the company: $ 18 million (135 crore rupees), the company received a tranche of investment as a pre-Series A funding district from investors: The Mumbai-Dubai based investor has made an investment of 500,000 USD.

Recently, Divya Jain, director of Sjain Ventures, revealed that she is attracting investors from various countries for her next product development project which will include SaaS products in education, commerce and others. With this investment, Sjain will move forward in leading this project which can ensure a more technology-driven future.

Global IT spending is estimated to reach $ 5,000 billion by the end of 2021. In India, it is expected to reach $ 1,000 billion, and the Indian software industry is expected to reach $ 100 billion. dollars by 2025, with this growth in mind, their primary goal in product development will include: (i) Education: the sole focus of this would be the education sector moving to products based on SaaS. SaaS LMS is the future of e-learning solutions. Looking at estimates, the global Learning Management System (LMS) market is expected to grow from $ 9.464 billion in 2019 to $ 29.901 billion by 2025, at a compound annual growth rate (CAGR) of 21.13% and learning management system in India market is expected to grow with a CAGR of 20.58% during the forecast years.

SaaS Learning Management System enables e-learning solutions and cloud-based LMSs in general to deliver very high quality user-friendly learning experiences with what Sjain also takes a step towards the introduction of gamification and the conference box which will be blended into one platform to engage and motivate while providing a great learning experience for learners.

(ii) Commerce: According to reports, India’s e-commerce industry is expected to have a turnover of USD 55 billion in 2021 with the addition of 40 million new online shoppers, and the global commerce market is expected to reach $ 16,215.6 billion by 2027., at a CAGR of 22.9% over the forecast period of 2020 to 2027. With this shift to digital platforms, businesses are increasingly adopting SaaS solutions. In the second phase, the company plans Fintech products and solutions.

Observing this, Sjain plans to focus on developing the mobile app: Android and IOS at the same time. This will deal with the delivery of facilitated applications to users and will work on the provider’s or provider’s servers. In addition, the SaaS-based e-commerce platform will be both single seller and multi-seller; provide users with services such as marketing tools, payment gateways, shipping, etc. to simplify and streamline business processes.

This product will be beneficial to the E-commerce sectors: B2B, B2C and C2C. SaaS solutions are very fast and efficient, and it is the most upcoming option in these times of technology and digital.

With this Series A funding, ensuring continued growth for Sjain, the company plans to reach its milestones in product development, as well as to hire new talent. During this project, they aim to provide their corporate clients with a robust digital platform to strengthen their data management.

Company Director Divya Jain said, “The company is focused on researching and innovating emerging technologies such as AI / ML, IoT / AUTOMATION, blockchain, mobility and cloud, SAAS, which can result in new differentiated services and solutions and can help the customer towards rapid climbs and journeys that will help them digitally transform. ”They will not only provide these services, but also help their customer with a in-depth analysis and the benefits to come in the near future.

With the emergence of the latest breakthrough technologies such as artificial intelligence, Internet of Things, blockchain, machine learning, modern data science practices, cloud computing and big data, as well as the introduction and the implementation of microservices, development and automation operations; the future of the IT industry in India is quite bright. These services help create a next-generation workplace that thrives on cohesive collaboration between business systems and individuals.

Additionally, AI offers organizations the opulence to free up resources for higher-level tasks. AI is the future and if one is willing to travel hand in hand with this continuing AI trend, Sjain plans to make it all easy and accessible. It is quite visible that artificial intelligence (AI) has started to push the limits of machine-activated functionality. This advanced technology allows machines to act with a certain autonomy, which results in the efficient implementation of iterative tasks.

Sjain plans to use this investment to expand its team, product offerings and accelerate the event of its technology and data platform. As the country faced a lockdown and endured the results of COVID-19, there has been a huge shift towards digital platforms, leveraging this shift for themselves as they focus on a future that will be based on products with services like AI / ML, Blockchain, SAAS which will change the appearance of organizations.

Sjain Ventures plans to set up a 10,000 square meter IT park in Naya Raipur, the capital Greenfield, as well as 5,000 square meter offices in Raipur. Additionally, if this pre-Series-A funding turns out to be a success for Sjain, they plan to switch to Series A funding as they exit the event stage and take a step towards development and production. scaling.

To learn more, visit – This story is provided by SRV Media. ANI will not be responsible for the content of this article in any way. (ANI / SRV Media)

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