Data assurance software provider Mithi Software has raised $500K in non-dilutive capital, with Recur Club as the lead investor. The company has raised money three times in the past 11 months by utilizing the platform’s flexibility.
According to a press release from Mithi, the funds will be used to maximize cash flows, improve product offerings, and support marketing initiatives aimed at growing their business.
Mithi, a provider of enterprise information archival data assurance software for businesses, was founded by Tarun Malaviya, Sunil Uttam, Aditi Malaviya, and Ashok Malaviya. Mithi offers cutting-edge SaaS tools for the protection, visibility, and agility of crucial business data. Businesses can reduce risks and disruptions from data-related threads with its assistance. By making constant improvements, the business hopes to strengthen its relationships with customers and look into potential future VC raises.
Mithi claims that one of its future plans is to provide its intended market with new product enhancements. Recur Club financing is the company’s top choice for quick capital as it expands. In the future, a VC raise is also anticipated.
The company, which has its headquarters in Pune, claims to have more than 7 ground-breaking products and to serve over 1 million users. AWS, Tikona, Hitachi, and other companies are some of its main partners.