Innovapptive, the mobile enterprise software startup, has raised $1.5 million from Hyderabad Angels to expand its sales and marketing teams, accelerate product innovation and expand customer acquisition. It is a provider of highly configurable cloud-based enterprise mobile solution framework for enterprise asset management (EAM), field operations and supply chain. The startup posted 400% rise in revenues during the first quarter of 2017, and this was a major driver for the investor to infuse the capital.
Kishore Ganji, Head of Hyderabad Angels and expected to join Innovapptive’s board of directors, also bolstered the capital infusion deal, and showed confidence in the growth potential of the startup. The startup expanded on its rapid app configuration engine (RACE) framework to offer rapid mobile application development (RMAD) and configuration capabilities for enterprises to digitize their paper-based processes. The RACE framework and prepackaged mobile solutions accelerate digitization of inspection forms, environmental, health and safety forms, preventive maintenance and supply chain transaction processing in the field.