Fieldproxy, a SaaS platform for enhancing the productivity of field teams, announces raising INR 6 crores in pre-series A round. The round was led by Y-Combinator and saw participation from Number Capital ( Payfazz Founders’ Fund), Mars Shot Ventures ( Razorpay Founders’ Fund), Kevin Moore, (KRM Interests) and Abheek Basu,(Tachyon).
Existing investors- LetsVenture, 2am VC, magic fund including marquee angel investors like KRS Jamwal (Tata Industries), Ajit Deshpande (Marqeta, Inc), Kushal Khandwala, ( KIFS Housing Finance Limited), Asad Daud, (SAT Industries), Nilesh Patel, (Cisco Systems), Ketan Kothari,(Sigma Byte), Shreya Rao, (AZB & Partners) also participated in the pre-series A round.
“We are excited to support FieldProxy and the team’s vision to enable easy field force management. Efficient field force management is a big opportunity across industries and we believe that FieldProxy is strongly positioned to disrupt the space via their no-code platform and use case-based templates.”Shashank Kumar, Co-Founder at Razorpay & Partner at Mars Shot Ventures
Fieldproxy belongs to the winter 2022 startup batch of Y-combinator. So far, the company has secured proceeds worth ₹8.3 crores. It will deploy the capital raised in the round towards scaling up its go-to-market (GTM) efforts.
“As we ramp up our GTM efforts, Fieldproxy is not only aiming to cater to more enterprise customers, but also working to scale our ready-made templates library to help businesses get onboarded and build cutting-edge solutions within minutes.”Swaroop Vijayakumar, Co-Founder and CEO, Fieldproxy
The need for a field service management platform
Fieldproxy is a no-code SaaS platform designed to increase field team productivity. Fieldproxy, founded in 2016 by Swaroop Vijayakumar and Balakrishna Balasubramaniam, provides a web-based no-code builder that allows business teams to create custom templates to streamline internal interactions with field teams. The field teams use an app-based solution. An intuitive scheduling and planning system integrated to suit the user’s needs allows users to easily schedule tasks, assign resources to tasks, and plan their days ahead. The users can use a single app to create automated jobs for their business, assign them to field teams, track them, and update and collect data using these tasks.
According to the co-founder Swaroop Vijayakumar, flexible, no-code platforms are the future and have transformed the way many desk teams work. Fieldproxy has the potential to achieve transformation for businesses in field-first industries such as field servicing, consumer goods, pharma, energy, and infrastructure.
Looking at the previous fundraising
Earlier in September 2021, Fieldproxy secured Rs 2 crore in the seed round from LetsVenture, 2am VC and magic fund. This was magic fund’s first investment in India. In March 2021, it raised Rs 25 lakh during the seed round from 100x.vc.