Rehan Yar Khan's Orios Venture Partners leads an INR 45 crore round in Pune based Sapience
Summary
Sapience is a product from InnovizeTech Software that helps companies improve time efficiency at work. This round is expected to see the investors pick up 25-35% stake in the company, valuing the venture at INR 130-180 crore. Sapience resolves the challenge of measuring and optimizing employee time utilization and team effort in a highly automated manner. It has several unique capabilities, for which we have filed for a global patent, such as: - Intelligent assignment of time to activity (nature of work) and purpose (end objectives) - Smart enough to focus on actual work, ignoring details of any personal time - Maps and aggregates individual time to organization structure, thereby providing effort analytics at all levels - Available on our cloud server (SaaS) or as on-premise deployment Sapience raised INR 4.5 crore in Series A funding from Seed Ventures in 2011, prior to which it had raised about INR 2.1 crores from the Indian Angel Network, a round in which Rehan Yar Khan had also participated. Prior to this, it invested INR 15 crores in Mumbi based online booking platform Ziffi.