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BusinessHyderabad: GTM Buddy raises about Rs 14.5 crore

Hyderabad: GTM Buddy raises about Rs 14.5 crore

Published: 14th Sep 2021 10:54 pm

Hyderabad: GTM Buddy, a city-based software-as-a-service startup, said it has raised about Rs 14.5 crore ($2 million) in its seed round. Seed fund is the first official money that a business venture or enterprise raises.

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GTM Buddy’s platform processes sales enablement content of an organisation and gives out relevant information to prospective buyers. The funding was led by Stellaris Venture Partners, a venture capital firm that invests in tech and tech-enabled consumer and enterprise startups in India. The funds raised will be used for enhancing product capabilities and building sales and marketing teams, said GTM Buddy Co-founder and CEO Sreedhar Peddineni.

Prior to GTM Buddy, Peddineni co-founded Host Analytics, which offered financial planning and analysis solutions. This was acquired by Vector Capital, a release said.

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