Y Combinator leads $750k round of India-based SaaS firm

Fieldproxy, a software-as-a-service platform that helps companies better manage their field teams, has raised US$750,000 in a pre-series A round led by Y Combinator. The startup is part of the accelerator’s Winter 2022 batch.

Fieldproxy co-founders Swaroop Vijayakumar (right) and Balakrishna Balasubramanian / Photo credit: Fieldproxy

With the round, Fieldproxy pushes its total funds raised to over US$1 million.

Founded in 2020 by Swaroop Vijayakumar and Balakrishna Balasubramanian, the firm provides a web-based no-code builder that helps businesses streamline and simplify internal interactions with their field teams. These teams operate in industries such as field services, consumer goods, pharmaceuticals, energy, and telecommunications.

The company will use the fresh funds primarily to scale up its go-to-market (GTM) initiatives.

“As we ramp up our GTM efforts, Fieldproxy is not only aiming to cater to more enterprise customers but also working to scale our ready-made templates library to help businesses get onboarded and build cutting-edge solutions within minutes,” said Vijayakumar.

Number Capital, a VC firm founded by Fazz Financial Group’s CEO Hendra Kwik, also participated in the latest round. This marks Number Capital’s first investment in India.

Other investors in the round include:

• Mars Shot Ventures
• Kevin Moore, president, KRM Interests
• Abheek Basu, CEO, Tachyon
• LetsVenture
• 2am VC
• Magic Fund
• KRS Jamwal, executive director, Tata Industries
• Ajit Deshpande, former vice president of demand generation, Marqeta
• Kushal Khandwala, director, KIFS Housing Finance Limited
• Asad Daud, director, SAT Industries
• Nilesh Patel, principal, Cisco Systems
• Ketan Kothari, managing director, Sigma Byte
• Shreya Rao, partner, AZB & Partners

See also: Who’s investing in the region’s SaaS startups?