Singapore-based B2B sales productivity startup Nektar.ai has raised seed funding of $2.15 Mn led by Nexus Venture Partners. The round also saw participation from Insignia Venture Partners, Arka Venture Labs, Better Capital, and Vietnam Investments Group. High profile individual investors like Vinod Muthukrishnan, Chief Growth Officer, CCBU at Cisco; Venkat Tadanki, ex-Founder/board Member at IBM Daksh; Anand Chandrasekaran, EVP, Five9; Ganesh Lakshminarayanan, CEO, Enterprise Business at Airtel; and Aneesh Reddy, Co-founder and CEO at Capillary Technologies, also participated in the funding round.
The team has been working in stealth mode and already has a list of early adopters. It will use the funding to build out its platform and expand its product and engineering teams. Nektar aims to open its early access programme later next year.
Abhijeet Vijayvergiya, Co-founder and CEO, said: "In the last decade, investment in sales tools globally has grown by five times but the average sales quota attainment has fallen 40 percent. According to Forbes, 57 percent of sales reps missed their numbers in 2018.At Nektar.ai, we want to change this by reimagining the future of modern sales and building a first-of-its-kind AI-driven sales productivity solution that will help go-to market revenue teams to seamlessly collaborate and make more sales reps successful in meeting their quotas."