Covalensedigital raises Series A round of funding from SIDBI Venture Capital
Covalensedigital, a platform for subscription revenue generation, has received an undisclosed amount in Series A funding from SIDBI Venture Capital. SIDBI contributed to the company’s funding round as a part of its “Ubharte Sitaare Fund,” which supports MSMEs with an emphasis on export market expansion.
The company claimed it will use the money toward expanding worldwide, improving marketing outreach programmes, and improving its product. A developer of software solutions, Covalensedigital aids platforms in setting up their cloud-based subscription monetisations.
Csmart, a Covalensedigital product, is a Subscription Monetization Platform that has been installed on multiple continents across the world. Additionally, Csmart DM is a Digital Marketplace Platform created for the business and communication markets.
Covalensedigital was founded by Sreenivas Peesapati with the goal of Covalensedigital’s construction to provide our clients with significant commercial value. Offering goods, tailored solutions, and services using the greatest cloud and mobile technologies, facilitates the digitization of businesses and enterprises. We also collaborate with and support creative businesses that use cutting-edge technologies to create cutting-edge solutions.
Covalensedigital seems to be a fascinating startup with a motivating turn of events on the IT services and IT consulting platform. Best wishes for the new startup business venture. I know that the team worked incredibly hard on it. I wish them great success in the future!Shishir Gupta, Founder and CEO, StartupLanes
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