Goa-based Transerve Technologies Raises $1.6mn Funds

Goa-based Transerve Technologies Raises $1.6mn Funds

Panji, Goa – According to recent news by the TOI and SMEPost.com, Goa-based Transerve Technologies, a company that offers geospatial technology-based SaaS solutions for sustainable growth and urban planning, has raised $1.6 million from IL&FS Investment Managers and Omidyar Network in a Series A round of funding. The amount will be utilised to expand its business operations across the country, with special focus on the Smart City Mission.

Incubated at the Center for Innovation, Incubation and Entrepreneurship (CIIE)-IIM Ahmedabad and also supported by Centre for Incubation & Business Acceleration (CIBA), Goa, Transerve is helping India’s cities tackle the urban reforms and smart city agenda through a diverse portfolio of solutions that modernize the municipal information systems.

Through visualisation and analysis of location and geographic information systems (GIS) data, combined with the company’s location intelligence and precision mapping tools, Transerve Technologies helps businesses across sectors intelligently utilise geo-location data to take decisions that can enhance business development and increase revenue

Though the company is based in Goa and has an office in Delhi, its products SmartMu and the Data Collector app are being used in Maharashtra, Uttar Pradesh and Goa.

Categories: Business

About Author

GIS Resources

GIS Resources is an initiative of Spatial Media and Services Enterprises with the purpose that everyone can enrich their knowledge and develop competitiveness. GIS Resources is a global platform, for latest and high-quality information source for the geospatial industry, brings you the latest insights into the developments in geospatial science and technology.

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

This site uses Akismet to reduce spam. Learn how your comment data is processed.