[Funding alert] SaaS startup Futwork raises $1 mn funding from Blume Ventures, others

Futwork, a sales-as-a-service (SaaS) platform has raised $1 million in funding round from Blume Ventures and Simile Venture Partners.

Riverside Ventures, Shivakumar Ganesan (Founder – Exotel), and Phanindra Sama (Founder – RedBus) also participated in this round.

The startup plans to use the funds to build the product and grow the team to provide the best on-demand sales as a service engine for companies driven by work-from-home tele-callers. Futwork will also focus on enterprise customers and larger outbound calling use cases.

The mumbai-based startup was founded by Armaan Vananchal, Niranjan Nakhate and Sri Ganapathy, It is a startup that helps companies set up distributed tele-calling teams on-demand.

“The last one year of building Futwork has given us a great view into how we can help companies increase conversions and revenue, with tele-calling at the core. With this round, we aim to build more tools for our customers and to become the de facto black box solution for Indian enterprises to scale up their inside sales”, said, Niranjan Nakhate, Co-Founder of Futwork.

They enable 10x faster setup times than internal teams/call centers and are 20-40% more cost-effective. Companies have access to pre-trained and vetted talent with 100% transparency in reporting. These are 100% remote companies working from their homes across India.

“Any enterprise can set up and ramp up an inside sales operation, using Futwork’s platform to access a remote, distributed online sales team. With this new round, they will get to invest further in their tech, sales, and operations, thereby supporting more enterprises and transforming more lives. Blume has been a proud believer in Futwork’s mission to transform inside sales”, said, Sajith Pai, Blume Ventures.

The company aims to enter the $29 billion BPO industry in India with its sales-as-a-service model.