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Venture Capital
riversideventures.com

Investments

6

About Riverside Ventures

Riverside Ventures is a venture capital and growth equity investment firm based in New York, New York.

Headquarters Location

New York, New York, 10023,

United States

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Latest Riverside Ventures News

SaaS Platform Futwork Raises $ 1 M Funding Led By Blume Ventures

Dec 22, 2022

Futwork, sales-as-a-service platform for companies looking to scale their outbound tele-calling operations has raised $1M in funding led by Blume Ventures and Simile Venture Partners. Other participants include Silicon Valley based Riverside Ventures and key angels such as Shivakumar Ganesan (Founder - Exotel) and Phanindra Sama (Founder - RedBus). The funds will be used to build product and grow the team to provide the best on-demand sales as a service engine for companies, powered by work from home tele-callers. The company will focus on enterprise customers and large outbound calling use cases. Futwork supports more than 20 customers including Khatabook, Tata, Shyplite, Growth School, Upgrad, Meesho and Cashify. Companies can harness the power of Futwork's sales tele-calling teams and deploy them on-demand. Thousands of gig workers across India work as sales tele-callers on the Futwork app where they are trained and matched with jobs. These callers are earning as much as INR 20,000 per month while working remotely from home. Futwork offers customers end to end sales tele-calling for use cases such as lead qualification, product demos, session booking and customer feedback. Futwork is founded by Armaan Vananchal, Niranjan Nakhate and Sri Ganapathy, who come with considerable experience and backgrounds in product, business and sales. They saw an emerging opportunity in the gig space due to covid and focussed on a larger market by pivoting from their earlier product. The team’s previous business (Studentidentify.com) was acquired by UNiDAYS, the UK based Global market leader in the student affinity space. Niranjan Nakhate, Cofounder, said, "The last one year of building Futwork has given us a great view into how we can help companies increase conversions and revenue, with tele-calling at the core. With this round, we aim to build more tools for our customers and to become the de facto black box solution for Indian enterprises to scale up their inside sales." Sajith Pai, Blume Ventures commented, "Futwork is building the future of inside sales. Any enterprise can set up and ramp up an inside sales operation, using Futwork’s platform to access a remote, distributed online sales team. Futwork’s platform is also helping transform the lives and families of Tier 2/3 Indians helping them earn a steady income. With this new round they will get to invest further in their tech, sales and operations, thereby supporting more enterprises and transforming more lives. Blume has been a proud believer in Futwork’s mission to transform inside sales. We continue to believe in that mission, and are proud to be a part of the new round, furthering the mission." Share this article:

Riverside Ventures Investments

6 Investments

Riverside Ventures has made 6 investments. Their latest investment was in Betr as part of their Series A - II on August 8, 2022.

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Riverside Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/8/2022

Series A - II

Betr

$31.3M

Yes

3

4/5/2022

Unattributed VC

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$99M

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10

3/9/2022

Series A

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$99M

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10

1/26/2022

Series A

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$99M

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10

9/15/2021

Series C

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$99M

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10

Date

8/8/2022

4/5/2022

3/9/2022

1/26/2022

9/15/2021

Round

Series A - II

Unattributed VC

Series A

Series A

Series C

Company

Betr

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Amount

$31.3M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

3

10

10

10

10

Riverside Ventures Team

1 Team Member

Riverside Ventures has 1 team member, including current Founder, Bryan Rosenblatt.

Name

Work History

Title

Status

Bryan Rosenblatt

Founder

Current

Name

Bryan Rosenblatt

Work History

Title

Founder

Status

Current

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