NE BUSINESS BUREAU
AHMEDABAD, NOV 11
Ahmedabad-based SaaS startup Clientjoy on Monday announced that it has raised US $800K in Series A funding from the venture capital firm GVFL (Gujarat Venture Finance Limited), a release said.
Launched in 2019, by 4 entrepreneurs, Clientjoy offers Client Life-Cycle Management Software for modern agencies, services companies and freelancers to manage Leads, Proposals, Clients, Invoicing and Revenues under a single roof. In its initial journey, the company was funded and supported by other angel investors and CIIE –a startup incubator established by IIM Ahmedabad, the release added.
Speaking on the announcement, Yash Shah (co-founder & CEO, Clientjoy) said, “At Clientjoy we are excited about the funding from GVFL – it comes at a time when we are looking to scale and grow. Today, Agencies & freelancers have to devote significant time and resources just to manage clients, since client management happens across multiple tools and platforms and. They have no idea about either the bottlenecks or growth enablers because most of the data is not captured and even that which is, is spread across various platforms. Clientjoy addresses and solves this issue. The investment will be used to grow the company’s sales, marketing, and engineering to expand its product offering”.
Early investor and Board Member at CIIE, Chintan Antani, said, “As early investors, we at CIIE have seen Yash & his team grow over the years & establish Clientjoy (earlier known as Gridle) in the market, through sustained efforts on product development and customer engagement. Given the pandemic, recent developments in the SaaS for productivity & client management tools market have been encouraging and Clientjoy is at an inflection point in their journey. Their unique blend of team experience with a razor-sharp focus on customer problems would help them capture a decent market going forward. We wish them the best.”
Reinforcing the view, Mihir Joshi, President, GVFL, remarked:” We are excited to partner with Clientjoy that has been at the forefront of digital SaaS workflow management tools for enterprises, freelancers and agencies. Over the years, the team has shown remarkable innovation in onboarding marquee clients both in India and abroad. Businesses are realising the importance and functionality of digital enterprise collaboration in the current crisis of Covid-19. We expect that client management tools and platforms like Clientjoy to play an even bigger role in organisations post this current crisis and businesses to become more open for digital enterprise collaboration. “
Currently, Clientjoy serves over 1,900 Agencies in Digital Marketing, IT-Service, and Design Agency verticals across the US, India, Europe, Australia and South-east Asia.
