Reliance Ventures has invested between 30-40 Crore(US$ 7- 9 million approx) in Gradatim (http://gradatim.co.in) market sources have revealed.The company and the venture capital fund both refused to disclose the exact amount invested or stake acquired.
Gradatim is a microfinance tech startup and a pioneer in the Business Process Utility (BPU) space and delivers evolutionary on demand business process utilities to customers across industries for micro finance, micro insurance,micro payments and micro pensions.
One of Gradatim’e product is MFResolve which is an on-demand, modular product for the Micro-finance industry and is based on the ‘pay as you use’ functionality.
Gradatim had previously raised US$3M from NEA-IndoUS ventures and is headquarted in Bangalore.Recently it expanded to Australia and Dubai.
GRA-DA-TIM pronounced as grey-dey-tim is a Latin word meaning “step-by-step”, “gradually” or “by degrees”. Gradatim’s objective is to reduce the cost of computing, increase reliability and flexibility by transforming the way people use technology and third party outsourcing partnerships.
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{ 5 comments… read them below or add one }
Dear Sir / Madam,
We have an NGO (Govt. Regd. In 2003) named BARASAT ANWESHAN in Kolkata, West Bengal in India & we are working mainly for poor helpless children & women in our society. For this purpose we bought land & established Schools, Orphanage ,Training centre, Medical health care centre , Old age home, SHGs (Micro Finance ), various types of Awareness Camps etc.
We got 12AA, 80 G (5) (vi), FCRA etc. Registration from India Govt.
We want to get grant/ fund/ donation/ loan etc from you. Please help us as soon as possible.
Thanking you
Yours Faithfully
Shyamal Ray Chowdhury
Secretary
BARASAT ANWESHAN
barasatanweshan@yahoo.com
Dear sir
I am branch manager in sks micro finance in dhar .and MBA in Finance to Join in your company .
Thanking you
Pankaj Rathore
Respected
Sir/Madam
I am Dipak Barman, Still now I have worked in L&T Micro Finance Ltd. as a Associate (GARIA, KOLKATA). My Educational Qualification B.COM (Honours) .
My job responsibilities :
File Processing
Carry out my responsibilities related to marketing activities with care and honesty
Ready my product knowledge as many times as possible etc.
Yours Faithfully
Dipak Barman
Respected
Sir/Madam
I am Dipak Barman, Still now I have worked in L&T Micro Finance Ltd. as a Associate (GARIA, KOLKATA). My Educational Qualification B.COM (Honours) .
My job responsibilities :
File Processing
Carry out my responsibilities related to marketing activities with care and honesty
Ready my product knowledge as many times as possible etc.
Yours Faithfully
Dipak Barman
Dear Sir / Madam,
We have an NGO (Govt. Regd. In 2003) named BARASAT ANWESHAN in Kolkata, West Bengal in India & we are working mainly for poor helpless children & women in our society. For this purpose we bought land & established Schools, Orphanage ,Training centre, Medical health care centre , Old age home, SHGs (Micro Finance ), various types of Awareness Camps etc.
We got 12AA, 80 G (5) (vi), FCRA etc. Registration from India Govt.
We want to get grant/ fund/ donation/ loan etc from you. Please help us as soon as possible.
Thanking you
Yours Faithfully
Shyamal Ray Chowdhury
Secretary
BARASAT ANWESHAN
barasatanweshan@yahoo.com