Zapstitch.com, a cloud integration platform launched by Satya P Devarakonda, co-founder of YourBus.in which was recentlyacquired by ibibo Group, has raised an undisclosed amount in funding from Anupam Mittal, founder of People Group, which owns & operates various internet properties including Shaadi.com and Makaan.com besides mobile content and apps firm Mauj Mobile.
Zapstitch.com, owned and operated by Bangalore-headquartered Zapstitch Technologies Pvt Ltd, was launched in last November. Zapstitch has built an app which automates the entire copy-paste manual data transfer process for SMEs and enterprises. Zapstitch's app sits like a sandwich between various SaaS applications and a company can just connect this to multiple apps, define the data that it wants to sync and schedule the same (say, run it every four or six hours). Zapstitch gets this data from the source apps and then automates it from one SaaS app to another.
"Nowadays, SMEs are turning from enterprise software to SaaS-based apps, and most of these organisations use multiple cloud software to run various applications such as accounting, customer support, among others," said Devarakonda.
"For example, a typical e-commerce company uses five-six platforms, including Magento, QuickBooks and Freshdesk to run various applications such as back-end operations, accounting and marketing, etc. Hence they need to move data from one application to another on a daily basis, which consumes a lot of time and is also a waste of money. This is where our app comes to picture," he said.
A SaaS application, Zapstitch charges clients based on the volume of data they move. In the future, the company also plans to charge clients based on the frequency of data they move and the complexity of data that the application has to deal with. Zapstitch is also planning to extend the platform to ERP, CRM and inventory, etc.
In an interview with Techcircle.in last month, Devarakonda said that the firm had already bagged close to 100 SME clients, predominantly in North America. "There are over 15 different kinds of B2B business applications, starting from project management to CRM to ERP. Going forward, we want to explore all these verticals," he had said.
(Edited by Joby Puthuparampil Johnson)