Bangalore based cloud technology startup Zapstitch, has raised an undisclosed amount of funding from Anupam Mittal and a group of other angel investors. Anupam Mittal is the founder and CEO of People Group which owns businesses such as Shaadi.com and Makaan.com.
A brainchild of Satya P Devarakonda who also cofounded YourBus, Zapstitch offers cloud integration technologies for small and medium businesses.
Its data integration capabilities allow businesses to copy-paste data transfer from various sources like ecommerce, CRM, accounting or from other cloud based apps – and cuts the time and effort consuming process of transferring data from one app to another.
“This investment round will help us to grow our core team, build product and extend our Sales & Marketing activities. To reach out to more customers, we are exploring active partnerships with Cloud business app vendors, CPAs, and system integrators etc. We aim to achieve 1,000 paying customers by Dec 2014.” said Satya.
Zapstitich currently integrates 4 cloud business apps – Shopify, QuickBooks Online, Bigcommerce and Magneto. The startup charges its clients based on the volume of data they move. In just over 5 months of its operations, the company has managed to acquire some 125 SMBs in North America, Australia and UK.
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