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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

April - 2010 - issue > Venture Beat

Perfios Raises $2M from Angel Investors

Sikta Samantaray
Friday, April 2, 2010
Sikta Samantaray
Bangalore-based personal finance software solutions provider Perfios Software Solutions Private Limited has raised $2 million from four angel investors. Perfios has raised the funding from P.S. Pai, former Vice-Chairman of Wipro Group and later Executive Chairman of the Murugappa Group; V. Chandrasekaran, former president of Wipro Systems, Managing Director of iGate and CEO of Aztecsoft; Ashish Gupta, co-founder and managing partner of Helion Venture Partners and A.G Muralikrishnan, founder and CEO of Ujwal Management
Services.

This is the second round of funding for the company which had earlier raised money from angel investors last year. Both Ashish Gupta and V. Chandrasekaran had participated in the earlier round. The company has been founded by serial entrepreneur V.R Govindarajan, a Founding Member of Aztecsoft, a company in the outsourced software products development space.

Govindarajan told The Smart Techie that a combination of factors worked in Perfios’s favor. "Since we operate in a new category, there is enormous opportunity. Also, we have a proven track record of success," he said. He added that Perfios plans to use the funds primarily for scaling up their marketing initiatives and strengthening the team.
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