An Enterprise marketing suite, Wigzo got $500,000 in Pre-Series A round of funding from Aarin Capital Partners and chairman of Manipal Global Education, Mohandas Pai. Some other investors, AdvantEdge Parteners, Singapore Angle Network, Sachin Bhatia, Kunal Khattar and co-founder of Komli Media Akshay Garg have also invested in this Pre-Series A round of funding.
Wigzo will use this fund to expand its team and build out its delivery channel that includes mobile, email and Web. The company is also planning to improve its algorithms and work on industry specific requirements in terms of machine learning experience. The company will offer customized solutions to media, Content, eCommerce and BFSI sector to scale their SaaS model.
Wigzo is a Delhi based startup, which was founded by Umair Mohammed, Himanshu Kaushik, Shamail Tayyab, and Vikrant Khushu in 2013. The company is an enterprise marketing automations suite, which uses proprietary machine learning algorithm.
Wigzo allows brands and any marketers to personalize any form of communication across various channels like emails and browser push as well as Facebook and Google ads from one infinite scalable dashboard. As of now, the company has more than 34 clients, where one client is from US and two clients from Europe. According to the company, it had $250K revenue in financial year 2014-2015.
Earlier, Wigzo had raised $100,000 in Seed round of funding from Nikunj Jain, Outbox ventures and Ritesh Malik.