Computer Software providing startup iSOS has raised funding of US$ 5 Million (Rs 32 Crore) from US-based serial Tech-Entrepreneur Nitin Khanna, who is also to be CEO of MergerTech an M&A firm from Oregon.
The Mohali-Based startup was found in 2016, which provides integrated smart office solutions. iSOS stands for Integrated Smart Office Solution. The startup offers developing productivity enhancement solutions like smart attendance, real-time tracking and monitoring, inventory management, cashless transactions, security management etc.
Commenting on his investment, Nitin Khanna, CEO of MergerTech, said: “Indian start-up ecosystem has gotten the attention of the world. The best part about India is that tech entrepreneurship is abounding in Tier 2 cities as well from where some very brilliant ideas and services have made successes as startups. With productivity being the key for most companies, Isos serves an essential need and we see growth in this segment.”
Recently, other Enterprise Resource Startup provider, Icertis have rose funding from B Capital Group.
iSOS software can be deployed in campuses, government hospitals, offices to keep track of the men and material in place. They have also created software to facilitate communication, cashless transactions, record attendance, monitor individual Internet usage and manage inventory, among other purposes.
Nitin Khanna was the co-founder of US-based Saber Corp, which was sold to EDS in 2007. Now, he is the CEO of Portland-based tech-focused investment banking firm MergerTech. Read more about Indian Startup Ecosystem.