Name of Founder (s): Shirish Deodhar (CEO), Madhukar Bhatia, Swati Deodhar, Hemant Joshi
Revenues: Over Rs. 14 crore (FY14 projection)
What it offers: Sapience is an innovative, patent pending software product that delivers a 20 plus percent gain in organization productivity, without requiring any change in existing process. It achieves this through automated visibility into employee effort, irrespective of whether it was in office or at home, while on the computer or in meetings, business calls and travel. Individual effort is aggregated as per the organization hierarchy, thereby providing the ‘big picture’ about work patterns at every level of the business.
Growth Details & Expansion Plans: In 2.5 years of sales, Sapience has scaled to 60 plus installations and over 60,000 users. The company now wants to reach 500,000 users in India in next 2-3 years and spread to develop markets like the US, Europe and East Asia.
Investors & Amount raised: The company has raised Rs. 6.2 crore from Indian Angel Network and Seed Enterprises. While Sapience is already net cash flow positive since inception, it is seeking more funds for global expansion.