MiClient, a B2B sales enablement platform powered by artificial intelligence, has successfully secured Rs 3.9 crore in its initial fundraising round.
The funds will be utilized to enhance the team's capabilities and broaden market reach in other regions of India. Furthermore, MiClient is now working on an artificial intelligence (AI) model that will allow users to generate estimates and invoices within seconds. This development will enhance the efficiency of the sales process for MiClient's users.
The funding was primarily led by IAN Group, with additional participation from Anicut, GSF, RTAF, and Keiretsu. Vikas Kuthiala and Pratik Mathurkar, both from IAN, spearheaded the round, following an initial pre-seed investment in October 2023 by 100x.VC, the round is now taking place.
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MiClient's user-friendly CPQ platform enables sales teams to finalize deals at a rate three times faster, with the typical contract now concluding in just 10 days. With the aim of reaching more industrial centers in India, MiClient is implementing a hands-on go-to-market strategy.
MiClient is increasing its presence in other industrial centers throughout India by employing a direct sales strategy. The company caters to small and medium-sized enterprises (SMEs) in the business-to-business (B2B) manufacturing sector, offering a user-friendly platform. It has a customer base of more than 150 and serves over 1,500 users.
About MiClient
Founded in 2018 by Swati Sharma, MiClient aims to fill this glaring gap. With a leaner, more affordable SaaS-based CPQ solution, MiClient is strategically positioned to help sales teams close deals faster, more efficiently, and at a lower cost.
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