Manthan Systems Closes $15 Million Series C Funding From Norwest Venture Partners
Manthan System, a retail analytics and business intelligence company based in India, announced yesterday that it has concluded its $15 million Series C funding from Norwest Venture Partners.
Manthan’s products are kind of unique. While most companies would focus on web analytics, Manthan System champions retail and consumer analytics. Its ‘Mall Analytics’ helps a retail building’s management, for example, to monitor and track a tenant’s performance, offer the right mix of tenants (food stores, clothing, etc), and mall expansions. Its ‘Customer Analytics’ helps businesses monitor consumer loyalty and offers solutions that potentially could improve sales. Manthan’s list of clients includes McDonald’s, Crocs, Robinsons, and many more, using its platform across 20 countries.
With the new investment in the bank, Manthan plans to launch several more analytics products to offer more complete solution for retailers. Plus, it will also look to acquire other companies that might fit its long term plan as it looks to offer its solutions on mobile and cloud (SaaS) platforms.
Atul Jalan, founder & CEO of Manthan Systems, commented in a statement:
"Our deep focus on retail analytics, business intelligence, and the customer is what has helped us create some of the most innovative products in the business intelligence and analytics space. In addition, we have always been heedful of the fact that the sophisticated analytics we create need to be easy to adopt, deploy and use."
マンサン・システムズの創設者でCEOのAtul Jalan氏は次のように述べている：
「当社の究極の焦点は小売分析とビジネス・インテリジェンスであり、顧客の皆さまからはビジネス・インテリジェンスと分析の分野で当社が革新的商品を作り出すのに大変協力していただいた。さらに、当社が作り出すより洗練された分析は、採用・展開・使用がしやすいものでなければならないという事実にはいつも注意を払っている。」
マンサンの創業者かつCEOのAtul Jalanは以下のような声明を出した、
「小売解析、ビジネス・インテリジェンス・顧客に対する我々の深い注目は、我々がビジネス・インテリジェンスと解析領域において最も革新的な製品を開発する手助けとなっている。さらに、我々は洗練された解析製品は適用されやすく、展開しやすく、使用しやすいものでなければならないという事実にいつも気をつけている」
