Helion Ventures, has invested undisclosed funds into pune based language management software company Linguanext, as first and only institutional investor. The team will utilize the raised funds to fuel its international growth and strengthen its mobile play . As a part of the deal, Alok Goyal, Partner, Helion, will join the board of the company.
“Our immediate focus is to entrench ourselves deeper in the US and Japanese markets, along with increasing our rate of growth in India. The Helion team comes with significant knowhow in the enterprise software product space, and we plan on leveraging that for our growth”, said Jagdish Sahasrabudhe, CEO, Linguanext
LinguaNext is co-founded by Jagdish Sahasrabudhe and Rajeev Phadke. It enables enterprise applications to be localised into multiple languages without making any changes to the application code or database.
According to Alok, technology has to cater to local language needs, even as the majority of the world’s business takes place in English. But language translation is an imposing, manual job that takes a long time.
The product, Linguify, thus allows users to operate the software in any language of their choice. The Linguify platform has enabled several enterprises, software vendors and system integrators to quickly bridge language gaps by enabling localisation in weeks as opposed to months or years. Here is a data flow diagram explaining how exactly the Linguify concept works around:
Currently, Linguanext is working with leading mobile device OEMs and mobile application providers to allow availability of applications and content in non-English languages. The company has also established major partnerships with SAP, Ramco, SAGE and other global Independent Software Vendors (ISVs) and System Integrators.
Helion is a multi-stage, India-focused venture fund with over $600 million under management. The fund invests in businesses that are technology-powered or catering to the Indian consumer services space. Other investments of the fund in past 12 months includes Komli Media, Mygola, Shopclues, Simplilearn, Taxiforsure and Seclore.
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