Description
Problem
Traditional digital transformation solutions available in the market costs millions of dollars and takes years to implement and has only a 50% success rate. Due to the cost most of the Tier 2 enterprises are not even able to afford digital transformation which makes them very vulnerable to economic crisis and even tier 1 enterprises are looking at solutions which are quick to implement and sustainable in long term.
Solution
GIBots offers a disruptive No Code Mobile First Cognitive platform which is a one stop shop solution for data extraction, data management, generating insights/analytics and most importantly taking automated actions. The Platform offers solutions that have very fast time to market with guaranteed ROI within months.
Market Opportunity
Digital Transformation market is pegged at $880 billion and will grow to $4060 billion by 2030, growing at a CAGR of 26.7%
Following are a few highlights of GIBots:
- GIBots have closed ₹2.54 Cr worth of deals since Jan 2023 with 1.2 Cr ARR.
- Month on month EBITDA positive since Sept 2022.
- Core team comprises of seasoned professionals and technology innovators with past experience of building enterprise solutions for global customers as well as Investor and Mentor Mr. S Ramadorai (Ex-CEO TCS) helping the team in their journey.
- GIBots is the only end to end No Code Cognitive Mobile first digital transformation platform.
About the Founders
Anil Nair (Co-Founder & CEO): He was an Ex-Director at Amdocs where he was a part of R&D, Delivery, Managed Services, Operations & Sales with an eventful 25 years in the IT industry.
Details of the round
They are raising ₹ 5 Cr through the issuance of Compulsorily Convertible Preference Shares (CCPS) at a 20% discount to the next Fund Raise, with a Floor of ₹ 60 Cr and a Cap of ₹ 75 Cr.
The investment in GIBots is open through our SEBI-
