Manthan Systems secures Series B financing from Fidelity International, IDG Ventures and DFJ ePlanet Ventures
19 - November - 2009, Bangalore | India
Manthan plans to use funding to target leadership position in Retail Business Intelligence & Analytics
Manthan Systems, a leading provider of Business Intelligence and Analytical solutions for the retail and consumer packaged goods industries today announced that it has secured Series B funding. The investment, with a funding of upto $15 million, was led by Fidelity International. Participation by existing investors IDG Ventures India and DFJ ePlanet Ventures in this recent round is an endorsement of Manthan's impressive growth and potential, and the new paradigm Manthan is creating in Retail analytics.
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Mr. Atul Jalan, Founder & CEO, Manthan Systems said, "We believe Manthan is uniquely positioned to deliver the analytical maturity and edge that most retailers are aspiring to. Our confidence stems from our products' capabilities and our unique deployment model that delivers on industry leading ROI, and is reinforced by the market traction we are experiencing today. Our charge for global leadership in the retail business intelligence and analytics sector is best summed up as: '8Q21 - Eight Quarters to No. 1.' We value the added experience and competence that the Fidelity team will bring towards the achievement of this objective.
Manthan develops and markets a suite of software products and synergistic services to global retailers enabling them to take data-driven business decisions. The ARC suite comprises of products like Merchandising Analytics, Finance Analytics, Customer Analytics, Supplier Collaboration " Analytics. The Manthan BI platform delivers enterprise-wide analytics capability with dramatically superior performance when compared with competitive options. With a hybrid portfolio of products and services, Manthan is able to offer end-to-end data warehousing and business intelligence capabilities to its customers.
Retailers have traditionally not leveraged their data rich environment to drive decision making. Manthan provides retailers with the tools they need to measure performance, pinpoint the source of exceptions and understand the relationships between customer groups, products, promotions and multiple channels. Businesses that have implemented Manthan's products have seen improved margins, customer retention, inventory efficiency, promotion effectiveness and wallet share while having reduced markdowns.
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