IDG Ventures has announced an investment of Rs. 15 crores (Series A) in iCreate, a BI startup focused on Banking products & solutions.
This funding will be used to fuel iCreate’s growth strategy which includes building a global sales platform, increasing marketing efforts, and continuing investment in product development.
Founded in 2006, iCreate develops products and provides solutions and services enabling effective and profitable utilization of data in Core Banking systems.
iCreate offers “Banking Intellisense” solution that transforms Core Banking data into a rich, customizable view of how your bank and your team members are performing on key business parameters
iCreate is currently focused on the emerging markets with clients in the Africa, Middle East, APAC and Europe regions and is looking to expand its focus to include mature markets.
Mr. T.C. Meenakshisundaram and Mr. Ranjith Menon of IDG ventures will join the company’s board of directors.