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IT startup Contentstack has raised USD 80 million, about Rs 647 crore, in a funding spherical co-led by Georgian and Perception Companions with participation from Illuminate Ventures, the corporate mentioned on Tuesday.
US-headquartered Contentstack mentioned that it’s going to use the funds to proceed to construct a feature-rich content material administration methods (CMS) product and for hiring skills in India.
“We’re tremendous excited to be among the many quickest rising SaaS (Software program as a Service) corporations in India. Contentstack was incubated in India-based Uncooked Engineering earlier than it was spun out to tackle a extra world presence in 2018. Our mission is to assist assist and drive large progress within the Indian startup ecosystem,” Contentstack’s co-founder and chief expertise officer Nishant Patel mentioned.
The corporate plans to make use of the funds to proceed to develop and recruit in Hyderabad, Bengaluru, Pune and Virar-Mumbai, the assertion mentioned.
Georgian’s Lead Investor Emily Walsh will be part of the Contentstack board together with Contentstack CFO David Overmyer.
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