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Goose Tech to raise $2mn VC funding

Goose Technologies Private Limited, a Hyderabad-based provider of delivery risk management solutions, plans to raise around $2-million (Rs 8 crore) venture capital fund, said founder and chief executive officer, Debasish Pattnaik.
 
Announcing the launch of Procon, the three-year-old company’s maiden risk management solution for global delivery here on Wednesday, he said they were in talks with a couple of venture capital firms to support the development of new solutions, besides expansion of its overseas sales and marketing operations.
 
Goose Tech, which received an early stage funding from Agnus Ventures, had spent close to two years on developing Procon that enables global enterprises to have real-time visibility and predictability of key performance indicators (KPIs) at different aggregated levels and functional areas.
 
It has a built-in prediction engine that offers future trend of potential risk factors. Besides, it offers an advance analytical engine for risk mitigation. The per-user price of Procon is around $1,000.
 

“We are primarily targeting the Fortune 500 companies in the IT and BPO space that have development centres in India for Procon, and are currently in talks with a few companies to deploy the same. We are also going to launch similar solutions for the manufacturing and pharmaceutical industries. While the manufacturing solution is at the prototype stage, plans for the pharmaceutical product are still on the drawing board,” Pattnaik said.

Source: Business Standard

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