Funding Alert

No-code SaaS platform Fieldproxy raises Rs 2 Cr from LetsVenture, 2am VC, and magic.fund


Fieldproxy, a no-code SaaS platform for improving the productivity of field teams, on Monday announced that it has raised Rs 2 crore as part of its seed round. The current round saw participation from LetsVenture, 2am VC, and magic.fund (which marks its entry into India with the current investment in Fieldproxy). Other marquee angel investors like KRS Jamwal, Executive Director, Tata Industries; Ajit Deshpande, Vice President of Demand Generation at Marqeta Inc; Kushal Khandwala, Director at KIFS Housing Finance Limited; Asad Daud, Director, SAT Industries; Nilesh Patel, Principal, Cisco Systems; Ketan Kothari, Managing Director, Sigma Byte; Shreya Rao, Partner, AZB & Partners, and others also participated in the round.

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Fieldproxy had earlier raised Rs 25 Lakh as part of its seed round from 100x.vc in March 2021 and was part of their class 04. The startup has raised Rs 2.25 crore till date. “As the first institutional investor in Fieldproxy, we are delighted to see the response from investors. We believe that Fieldproxy has a world-class solution to improve productivity for organisations with a field force. With its no-code platform, organisations can quickly implement the product and reap its benefits. Fieldproxy has the capability to become a true leader in this space,” said Ninad Karpe, Partner, 100X.VC. Commenting on the fundraise, Swaroop Vijayakumar, Co-founder and CEO, Fieldproxy, said, “We are overwhelmed by the encouraging response to our funding round and the confidence investors have in our potential in creating the first no-code app builder for field teams. Flexible, no-code platforms are the future and have transformed the way many desk teams work. We intend to be at the forefront of this transformation for businesses in field-first industries such as field servicing, consumer goods, pharma, energy, and infrastructure.”

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