Funds to be utilised for geographical and technological expansion
Hyderabad-based Stumagz, a digital campus communications and collaboration platform for educational institutions has raised a Angel Round of funding of an undisclosed amount from a group of USA-based investors including Venkat Subramanian, President and COO of Solunus Inc. a cloud solutions firm , Sudhakar Pennam, a Serial IT Entrepreneur and other tech investors from Silicon Valley.
Stumagz efficiently engages different stakeholders in an educational institution via a single platform. Using a varied set of Campus on cloud solutions offered by Stumagz, an Institute may establish a complete end-to-end communications protocol, accelerate recruitment process, list all campus happenings for the benefit of its stake holders, engage proactively with alumni, and also attract accreditations for the Institute.
Commenting on the funds raised and its utilization, Mr. Sri Charan Lakkaraju, CEO, Stumagz said, “We are progressing at a healthy pace, and our offerings are invoking great interest among our existing and potential customers. The funds raised at this stage will be best utilized for geographical expansion of our customer network; and will also be used to upgrade the technology for a better output.”
Adding further, “In addition to digitizing college platforms, Stumagz is also actively helping students from partner institutions get internship opportunities at numerous multi-national giants and start-ups alike,” concluded Mr. Fredy, Co-founder, Stumagz. He also added that Stumagz currently has 35 brands aboard, which utilize its offerings and services.
Growing from a small team of just three people in the company, Stumagz is now a18-members strong family which is registering tremendous growth with each passing phase.