Tuesday, 6 December 2016

WittyParrot raises a seed series from Mumbai Angels Network and Silicon Valley based angel investors

WittyParrot raises a seed series from Mumbai Angels Network and Silicon Valley based angel investors
Mumbai, December 2016: WittyParrot, a cloud based SaaS platform company focused on delivering Intelligent Content for Marketing, Sales and Support solutions, is announcing its Rs. 3+ Crore series seed financing led by Mumbai Angels Network with participation from silicon valley based angel investors.
The company headquartered in San Jose, California with sales offices across USA and development center in Bangalore India, is focused on the automation of enterprise content leveraging cutting-edge big data and data science technologies. Selected list of customers include companies such as Oracle, Citrix, Couchbase, etc.
According to research, the top issues plaguing companies are related to time wasted in finding right content, duplicative effort in creating or curating content and inconsistent information being delivered to customers. Sheer volume of silo’ed data and the pace at which it is produced in the enterprise is posing major challenge for sales and support to find relevant content at the point of use leading to delay and inconsistent response.
WittyParrot’s intelligent content delivery platform combined with collaboration and communication capabilities deliver contextually relevant content in the form of modular content blocks along with rich metadata that can be instantly found and consumed by sales and support.
Anil Jwalanna, Founder & CEO, added, "WittyParrotis built on a profound, but simple idea. To make it easy to find relevant information in bite-size and then to use it, so that anyone can communicate faster, more effectively, and more consistently. We will be utilizing funds to expand our sales team and grow footprint in the US as well as India.
Saahil Bhatia, Deal Lead, Mumbai Angels Network, added, “We were highly impressed with the management team at WittyParrot and the quality of the platform they have built. A study by IDC reports that an average “knowledge worker” spends over 28 hours per month trying to find and repurpose information. WP makes this process extremely simple and fast.
The company ran a case study at VM Ware and found a 2.5x increase in the recruiter’s ability to outreach, promote and share on social media. Such productivity improvement is a great customer retention tool. The company is focusing on increasing customer retention through their intelligent algorithm that is able to provide more contextual results to user searches and also provide recommendations on content that has worked successfully in the past."
About WittyParrot
WittyParrot (www.wittyparrot.com) is a Cloud-based intelligent content delivery platform for marketing, sales and support that help companies to speak with one voice. We are deeply interested in solving the problems common to both small and large companies in communicating consistently and responsively. With WittyParrot marketing, sales and support professionals can find the right information, assemble it in the right order, share and track it with ease.

About Mumbai Angels Venture Mentors:
Mumbai Angels Network (www.mumbaiangels.com) is one of India’s largest angel networks with 250+ members across three active chapters - Mumbai, Delhi and Bangalore. Their portfolio comprises of 80+ ventures across multiple sectors focused primarily on seed and early stage companies.

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