Zvolv, an enterprise SaaS platform has raised $1.5 mn in a round led by JSW Ventures, a tech focused venture capital fund. The round also saw participation from Riso Capital, a Silicon Valley based VC fund that invests in India-based startups solving global problems at scale. Zvolv plans to use the funds to expand its customer base globally, drive rapid adoption in an increasingly work-from-anywhere world, as well as double down building out the AI/ML capabilities in the platform.

Zvolv is an intelligent no-code/low-code platform for automating business processes. Zvolv’s platform helps enterprises across retail/CPG, BFSI and engineering and construction industries build workflows and deliver end to end automation of their processes at speed. Launched in 2018, the platform has seen rapid adoption by several large enterprises like Tata Group, Aditya Birla Group, Accenture, KPMG, Dominos, Swiggy and Lenskart. The Zvolv platform helps enterprises rapidly build and deploy applications and automate processes by leveraging its intuitive and drag-and-drop interface, in-depth analytics and reporting and artificial intelligence capabilities to tackle the last mile digital transformation challenges that existing tools cannot.

Hardik Gandhi, co-founder & CEO of Zvolv said, "We are thrilled to partner with JSW Ventures and Riso Capital and have them on board in this exciting journey. More and more enterprises are switching to no-code and low-code development platforms to dramatically increase application delivery speed. Combined with the increased demand for custom applications and data-centric solutions, business and IT teams within enterprises are increasingly turning to Zvolv. We continue our maniacal focus on driving value for customers as we scale globally now."

Sachin Tagra, Partner, JSW Ventures said, "Zvolv’s intelligent no-code platform is creating immense value for their customers. In this increasingly digital environment, we are seeing accelerated demand for platforms like Zvolv that empower businesses to rapidly design and implement secure applications. We are excited to partner with Zvolv to help in fuelling their growth, product innovation, and expanding the global footprint. We believe that Zvolv is well positioned to become a global leader in the no-code intelligent business process automation market."

About Zvolv: Zvolv is a no-code intelligent process automation platform for enterprises to build complex applications in days, with no developers. Zvolv applications drive process innovation and operational efficiencies 10x faster and cheaper than alternatives, and with a unique combination of business process management and RPA-bot based intelligent automation. Zvolv’s parent company, Zestl Software Pvt Ltd is headquartered in Pune, India.

About JSW Ventures: 

JSW Ventures is a is an early-stage institutional venture capital fund sponsored by the family office of the promoters of JSW Group. JSW Group is a diversified US$ 13 billion JSW Group with interests in sectors such as steel, energy, infrastructure, cement, paints and sports. The Fund is investing in technology companies that are building innovative solutions to leverage India's demographic dividend, consumption drivers and technological advancements. It focuses on companies that display product-market fit, uses technology to create sustainable differentiation resulting in market leadership and are capital efficient. 

Some of the startups JSW Ventures has invested in include Purplle, HomeLane, IndusOS, HealthPlix among others. JSW Ventures currently manages two schemes. The first fund was launched in 2016. Now in its second fund journey of Rs 350 crore, it is investing across pre-Series A, Series A and Series B stages. The second fund is focused on B2B and B2C platforms in Consumer, Healthcare, Financial Services, Education and Agriculture industries. It will also make investments in emerging Software-as-a-Service (SaaS) companies from India that service the global market. 

JSW Ventures creates a strategic partnership with its portfolio companies that go beyond mere capital infusion. The team of highly experienced professionals and distinguished advisory board across finance, healthcare, and legal domains provide extensive value add to portfolio companies in developing growth strategies, improving financial functions and building product roadmaps, organization design, marketing & fundraise. The portfolio companies also get access to extensive resources of JSW Group, which help them further in scaling their businesses.

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