Profitwheel raises Rs 22.2 crore with Netcore Cloud leading investment round

ProfitWheel raised $3 million (Rs 22.2 crore) in seed funding from Netcore Cloud and angel investors.

The round also saw participation from Vallabh Bhansali of Enam Group; KRS Jamwal of Tata Group; Dinesh Agarwal from Indiamart; Prashant Gulati – investor and trustee, Tie Global Board; Rizwan Koita and Jagdish Mathur of CitiusTech; Jimmy Mahtani from Baring Private Equity Asia; and Harish Bhal and Manish Vij of the Smile Group; among others.

Netcore invested $1.5 million while 15 angel investors deployed the rest of the funds.

Profitwheel aims to increase focus on driving tech innovations and building new products that will enable true intelligence in the martech ecosystem.