Hyderabad-based Innovapptive raises $16 Mn funding from Tiger Global1 month ago Bhavitaavya Dharanikota
Innovapptive, a connected workforce platform for asset-intensive industries, has raised a Series A investment of $16.3 Mn led by New York investment firm Tiger Global Management, LLC. The new funding, which brings the company’s valuation to over $65 Mn, will be utilized for the company’s global expansion and for further investment in its connected workforce platform and will allow the startup to accelerate their strategy and development to transform the digital experience of the industrial worker. Innovapptive provides a platform that improves real-time data collaboration and communications between the field and back office, and this communication and collaboration data are captured and converted into executive insights for continuous workforce optimization. The company’s connected workforce platform connects the industry worker, back office and company leadership to help customers minimize plant outages by reducing maintenance backlogs, improving inventory accuracy, workforce capacity and data accuracy.
Headquartered in Houston, Texas with offices in Australia, Netherlands, and India, the startup aims to improve operational excellence and transform the experience of the industrial worker to increase revenues and margins for its customers. It is a software provider of highly configurable Mobile Workforce Management solutions for Enterprise Asset Management (EAM), Field Services, Supply Chain, and a Rapid Mobile Application Development (RMAD) platform. Innovapptive has developed a leadership position helping industrial companies improve the productivity of their employees and their capital assets. The purpose behind Innovapptive is to help improve people’s lives with the next generation Connected Workforce Platform. Their platform digitally connects the entire industrial workforce, executives and back office to improve operational excellence and by engineering a platform that fuels innovation & collaboration, they are transforming the experience of the industrial worker to help uplift revenues & margins for the customers. With over 170 employees across offices in USA, Germany, UK, Netherlands, Australia, and India, Innovapptive serves some of the world’s largest brands in industry verticals, such as Oil & Gas, Utilities, Chemicals, Mining, and Manufacturing.