Manthan provides business intelligence and Big Data analytics solutions that combine advanced predictive analytics, actionable insights and customer knowledge to help retailers identify and drive growth opportunities. The firm says it has served more than 120 retail and CPG clients across 19 countries, including clients such as Love’s, Teavana, Crocs, Ecco, Ipsos, Novartis, McDonald’s, Ripley, SM Group, Robinsons and NTUC Fairprice. Headquartered in Bangalore and founded in 2004, Manthan also maintains offices in the US, the UK, the Philippines, Singapore and Brazil. The company is understood to be generating revenues of over Rs 130 crore. Management says the new capital will be used for R&D, hiring sales staff and strengthening presence in the Bay Area in the US and in Europe. Manthan Systems offers iPad-enabled BI and analytics solutions designed to help retailers capture and process data to improve planning, monitor results, and anticipate changes. The company targets global retail and consumer packaged goods (CPG) organizations and serves customers across 20 countries, including McDonald’s, Crocs, Ecco, Love’s, Ashley Stewart, Teavana, Robinsons, Ripley, Woolworth, SM Retail, Mydin, Abenson, Haggen and GAME Group Plc. Led by founder and CEO Atul Jalan, Manthan plans to launch new products that leverage cloud computing and enable mobility. It intends to use recent capital to increase adoption of its solutions. Manthan recently secured $15m in Series C funding to support these product and adoption initiatives. Manthan Systems develops and markets business intelligence and analytical software products and synergistic services for retailers and consumer packaged goods companies. Its offerings enable global retailers to take data-driven business decisions. The company is headquartered in Bangalore and has offices in the USA and in the UK. Manthan sells software products and services to global retailers and CPG firms. In November 2009 it secured a $15M Series B financing and plans to use the funds to accelerate growth by increasing sales and capitalizing on suitable inorganic opportunities. The investment also included a board appointment: Raj Dugar of FIL Capital Advisors (India) joined Manthan’s board of directors.

Total raised

$90M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2015