Covalensedigital, a Subscription monetisation platform has raised undisclosed amount in its Series A funding round from SIDBI Venture Capital.
The company plans to use the funds to grow its product, improve its marketing outreach programs, and scale internationally.
The Bengaluru-based Covalensedigital was founded in 2019 by Sreenivas Peesapati, It offers subscription monetization, and billing and revenue management business solutions on the cloud.
Its product Csmart is a subscription monetization platform that has been installed on multiple continents around the world. In addition, Csmart DM is a digital marketplace platform built for the business and communication markets.
Covalensedigital has steadily grown into a strong SaaS company driving subscription monetization business solutions on the cloud. Their organization prides itself on providing unique products and solutions to their clients.
With customers and product implementations spread across 16 geographies, their offices are in multiple countries like Canada, India, Singapore, South Africa, and the United States. Covalensedigital is a global corporation serving more than 70+ active clients across different industry verticals.
Their organization has been built with the purpose of delivering meaningful business value to their clients. Covalensedigital enables digitization of businesses and enterprises through subscription monetization by providing products, customized solutions and services using the best of cloud and mobile technologies.
They also partner with and invest in innovative enterprises that leverage emerging technologies to build next-gen solutions.