Manthan Systems, a Bangalore, India-based provider of Business Intelligence (BI) and Analytics solutions for the retail and consumer packaged goods (CPG) industries, has secured $15m in Series C funding from Norwest Venture Partners (NVP).
The company intends to use the capital to launch new products, leveraging cloud computing and enabling mobility, as well as to increase adoption for its solutions.
Led by Founder & CEO Atul Jalan, Manthan Systems offers iPad-enabled BI and analytics solutions designed to help retailers capture and process data that can be leveraged to improve planning, monitor results, analyze and anticipate changes.
It serves global retail and CPG organizations across 20 countries including McDonald’s, Crocs, Ecco, Love’s, Ashley Stewart, Teavana, Robinsons, Ripley, Woolworth, SM Retail, Mydin, Abenson, Haggen and GAME Group Plc.
In conjunction with the funding, Mr. Mohan Kumar, Executive Director at NVP, has joined Manthan’s board of directors.
Existing investors include Fidelity and IDG Ventures.