SirionLabs, the supplier management technology products startup, has secured $12.25 million (approx. ₹81.5 crore) in a Series-B fund raising led by existing investor Sequoia India with participation from QualGro Asean Fund and Canopy Ventures.
SirionLabs' Software as a service (SaaS) products are focused on the post-signature manage ment of complex services contracts. The product `Sirion' aims to reduce the cost of supplier management by automating complex procedures across key governance disciplines -contract, performance, financial, relationship and risk management. Its embedded workflows facilitate real-world buyer-supplier interactions within the system by dissecting the contractual obligations.
BENGALURU Rainmaker Ventures has invested $5 million in YAAP, a 60-day old digital content service company. The company will utilise the capital for acquisitions in the area of branding and visual identity, automated content distribution and content creation platforms.The additional capital will also fund the expansion of YAAP in Singapore and US markets. This is Rainmaker's second investment.
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