Japanese firm Sansan, a multi-platform cloud based contact management provider has raised a fresh funding of $26.3 million in their Series E round. The round which took the total amount raised by the firm to $100 million was co-led by Japan Post Capital, T. Rowe Price, SBI Investment and DCM Ventures.
Through the fresh investment, Sansan which has launched their flagship product Eight in India last year wants to strengthen their position in the country. It claims to have more than 1,00,000 users from the region. The numbers in Japan and Singapore are about 2 million.
Sansan was launched in 2007 and counts big names like Goldman Sachs and Toyota Motors Corporation as the other investors. Eight, the flagship product of the firm allows users to scan the business cards of the other users and then that card can be stored in the phone memory. It allows them to send messages and set alarms and reminder alerts using the Eight app.
The firm currently has 4 people working in the Indian team who are headed by Amit Mishra. Mishra talking about the company and the issues which the firm is trying to tackle said, “People these days exchange cards and forget about it very easily. Many times it is difficult to recall names and then communication becomes difficult. People have realized that strong business relationships are built through meeting in-person and it is staying in-touch and messaging people become tricky once the card is lost.”
Notably, it has already launched ScanUp, a scanner service that scans business cards, allowing them to digitize the cards. In India, the firm will find competition from Haystack and CamCard.
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