Azim Premji leads an investment in Indo-US startup Icertis, turns it into a unicorn
- SaaS platform
Icertishas raised $115 million, and is the latest entrant into the unicornclub.
- The startup has raised the funding from Azim Premji’s
Premji Investand US-based VC firm Greycroft.
- Earlier in June, another SaaS platform
Druvahad raised funds to be a unicorn.
With its total funding standing at $211 million, the company, which offers contract management, has raced past the $1 billion mark in value, to enter the unicorn club.
The startup has 5.7 million contracts so far across 90 countries. Its clients include Adobe, Airtel, Cognizant, Infosys, Microsoft and others.
According to reports, with the new funds, the company will invest in building new technologies like blockchain, artificial intelligence and machine learning. It also plans to expand its global presence.
In June 2019, another Indo-US-based SaaS startup Druva had entered the unicorn club after raising $130 million in a round led by Viking Global Investors and Nexus Venture Partners.
Meanwhile, Premji Invest, which is the family office of
Azim Premji announces four technologies that Wipro will focus on as he bid adieu