Indian Angel Network to invest Rs.3.25 crore in Peel-Works
January 27th, 2012 - 5:33 pm ICT by IANS ( Leave a comment )New Delhi, Jan 27 (IANS) Venture capital firm Indian Angel Network (IAN) Friday said it will invest up to Rs.3.25 crore in Peel-Works, a sales manpower transformation and business process outsourcing (BPO) firm.
IAN said in a statement that Peel-Works would use the funds to expand product offering, creating technology differentiators and human capital.
Mumbai-based Peel-Works aims to focus on enhancing productivity of indirect sales force of FMCG (fast moving consumer goods), telecom and insurance companies.
The company said it had received strategic inputs from IAN for future growth.
“The IAN investments will help us accelerate growth, expand our technology and build it out,” said Sachin Chhabra, founder and chief executive, Peel-Works.
Two members of IAN — Sadeesh Raghavan and Srikant Sastri — will join the firm’s board.
IAN has invested across multiple sectors like IT, mobile and education.
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