Gladiris Technologies raises funds to enhance product, acquire new customers

PUNE: Gladiris Technologies, the firm behind e-invoicing platform SpiderG, has raised an undisclosed amount in seed funding. The investors include Rahul Kirloskar, chairman at Kirloskar Pneumatic; Fusion Tech Ventures, the investment arm of Praj’s Pramod Chaudhary; Adi Saravanan, president of Allsec Securities; Pravin Dongre, CEO at Glencore Grain India and Mahendra Doshi of LPK Securities.

Ashwani Rathore, co-founder at Gladiris, said the investments have been made by them in their individual capacity. SpiderG enables businesses to electronically transact and communicate with their vendors and suppliers, as well as keep track of other transaction data.

"The SpiderG team has a varied and in-depth experience," said Adi Sarvanan, president at Allsec Technologies. "I am impressed with what SpiderG has achieved in a short span of time with a very low cash burn. It is good to see companies like this building innovative products for the global market."