Bigyellowfish raises $1.1 million in seed funding led by Powerhouse Ventures
- ByStartupStory | December 21, 2022
Bigyellowfish, a preferred choice among CEOs and business leaders looking to digitize their Employee Experience (EX), has raised $1.1 million in a seed round led by Powerhouse Ventures and joined by Anicut Capital and Innoport.
According to reports, the proceeds will be used for global sales and marketing, expanding software and platform capabilities, and R&D, according to a press release from Bigyellowfish.
Soma Sundar Gollakota, Co-founder of Bigyellowfish Technologies, commenting on the capital raise, said, “We are excited to have our investors onboard, believing in our vision and supporting us in this journey as we take the next leap towards growth.” His partner and Co-founder of Bigyellowfish, Kunal Pancholi, further added, “We are doubly happy that clients have recognized the uniqueness and effectiveness of our platform to add value to their safety & behavioral risk management goals.”
Replying to which, Kshitij Golwalkar, General Partner, Powerhouse Ventures said, “We are delighted to back Soma and Kunal as they continue to help global companies digitize their employee engagement and deliver measurable business results that impact their safety, employee engagement, and development & retention goals. Bigyellowfish’s experience in working with some of the largest companies in the Shipping & Maritime sectors positions them well to enter other safety-critical industries where the need for superior employee experience solutions is immense.”
The Bigyellowfish platform is a novel approach to managing, securing, and protecting the maritime and offshore workforce.
Powerhouse Ventures (PV) is an early-stage venture capital firm focused on startups in India, the United States, and Southeast Asia. They seek to assist early-stage B2B SaaS and consumer/mobile internet companies based in India, Southeast Asia, and the United States.
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