CSR & Sustainability Management Firm NextGen Secures Funding From Mumbai Angels

nxgBangalore based technology enabled CSR & sustainability management company NextGen has secured undisclosed amount in funding through a syndicate between Mumbai Angels and other investors based in India and the Silicon Valley. The funds raised will be used for customer acquisition, augmentation of its technology base and other expansion plans.
NextGen is owned and operated by NextGen PMS Pvt Ltd. The recent funding round was led by Phanindra Sama of RedBus. Sama along with Bejou Kurien will join the board of the company.
NextGen’s client list includes Bharat Petroleum, HDFC Bank, Vodafone Foundation amongst others. The company’s flagship product – p3 is a cloud- and mobile-based CSR and sustainability management platform that helps companies track, monitor, evaluate and report on their CSR and sustainability performance. This product has been developed along with IT services firm Mindtree.
NextGen was incubated at NSRCEL, IIM-Bangalore and TBI, BITS-Pilani.

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