$5,00,000 funds raised to be used for product roadmap and international market expansion
Runo has recorded a monthly run rate of Rs 25 lakhs in the last 12 months and is expected to hit $2 million ARR by Apr next year
Runo delivers the functionalities of a full-function Call Management CRM suite, all built into a mobile app
Mumbai, NFAPost: New age call management CRM Runo, with complete SIM-based calling solution for outbound and sales teams. raised $5,00,000 in a Pre Series A round led by Unicorn India Ventures.
Runo plans to use the funds raised for the product roadmap and expand to the Middle East, SEA, and the US market in a phased manner.
The company delivers the functionalities of a full-function Customer Relationship Management suite, all built into a mobile app, with products ranging from Call Management, sales CRM, collection CRM to POS CRM.
The features can be customised as per the industry sector and the specific services offered by each business. From Business calls, to emails, to meetings; every interaction and every prospect can be tracked till closure along with real-time management reporting.
Currently serving over 300 paid clients, predominantly SMEs with major sectors that include Automobiles, Edutech, Health tech, Real estate and financial services. Runo is revolutionizing the Calling, Field and Sales process by shifting the desktop culture to efficient deskless culture.
Unicorn India Ventures Managing Partner Anil Joshi says the decision to invest in Runo due to the considered solutions and services it provides to the businesses.
“The CRM app is easy to use and the built in tech makes it easier for team managers to track progress along the way. This can potentially disrupt the telecalling market. The business model doesn’t need huge marketing spends and their growth curve shows immense potential,” said Unicorn India Ventures Managing Partner Anil Joshi.
Runo, a SIM based call management CRM is a new concept and there is no major competition in the same space. It provides simple API integration and complements both the CRM as well as the cloud telephony.
Runo Founder & CEO Rajsekhar Pattnaik says what differentiates the company from others is its easy to use user-interface, ease of work from home and track team’s performance virtually.
“We believe our services are at par for the businesses which are affordable yet powerful. Our CRM app is loaded with features ideal for Telesales, Tele calling and Call centres. From business calls, to meetings, to emails, every interaction along with every prospect is tracked with closure with real time management reporting,” said Runo Founder & CEO Rajsekhar Pattnaik.
Runo Founder & CEO Rajsekhar Pattnaik said the company has witnessed a huge acceptance from businesses across sectors and believe that India is a high potential market.
“This fund raised is a stamp of UIV faith in us as we continue to register growth across different sectors. It will help us scale and expand in International markets,” said Runo Founder & CEO Rajsekhar Pattnaik.
According to Fortune Business Insights, The global customer relationship management (CRM) market was projected to grow from $58.04 billion in 2021 to USD 128.97 billion in 2028 at a CAGR of 12.1% during the 2021-2028 period.
About Unicorn India Ventures
Unicorn India Ventures is a Mumbai-based early stage fund house started in 2015 by Anil Joshi and Bhaskar Majumdar. The Fund has also launched a UK India cross border fund for funding UK startups looking to enter India.
From its first Fund, UIV has invested in 18 companies like Inc42, Sequretek, Pharmarack, Genrobotics, NeuroEquilibrium, SmartCoin, Open Bank, Open app to name a few. Unicorn India has also announced Fund II, which is a Rs 300 crore fund launched in 2019 which has invested in 16 companies so far.
Founded in 2018, Runo’s founding team include Rajsekhar Pattnaik and P V Vamsi. Runo provides Call management CRM solution. The application offered by the company provides sim based calling solution with Call tracking , call recording, team live status and analytics as principal features