Employee engagement platform Bigyellowfish has raised $1.1 million in a seed funding round led by Powerhouse Ventures, along with the participation from Anicut Capital and Innoport.
Founded in 2019 by Soma Sundar Gollakota and Kunal Pancholi, the startup enables business leaders across safety, HR, operations and asset management with predictive signalling and decision support mechanisms that are valuable in decisions related to the human element at work.
Soma Sundar Gollakota, Co-founder of Bigyellowfish Technologies, said, “We are excited to have our investors onboard, believing in our vision and supporting us in this journey as we take the next leap towards growth.”
Bigyellowfish plans to use the raised capital for global sales and marketing, ramping up software and platform capabilities, and research and development (R&D).
Additionally, It plans to double down and increase revenues from safety-intensive industries like maritime, aviation, oil and gas, manufacturing, and logistics and expand its operations across the US and the Middle East in the coming years.
Commenting on the investment, Kshitij Golwalkar, General Partner, Powerhouse Ventures, said, “We are delighted to back Soma and Kunal as they continue to help global companies digitize their employee engagement and deliver measurable business results that impact their safety, employee engagement, development & retention goals.”
“Bigyellowfish’s experience in working with some of the largest companies in the Shipping & Maritime sectors positions them well to enter other safety-critical industries where the need for superior employee experience solutions is immense,” Kshitij Golwalkar said.
Whatfix, Medibuddy, NewsBytes, and DailyRounds, are some of Powerhouse Ventures’ portfolio startups.
Global Safety Tech & Engagement market opportunity is pegged at around US$21 Billion, growing at a CAGR of 7.5%. It is this market opportunity that Bigyellowfish has targeted as its Launch Addressable Market, the statement said.
Source @Indianstartupnews
