Vymo, an intelligent sales engagement platform for financial institutions, has raised $22 Million in a Series C funding round led by Bertelsmann India Investments.

The funding round also saw participation from existing investors Emergence Capital and Sequoia Capital. As part of the deal, BII’s Rohit Sood will be joining the company’s board.

Vymo | Sales Engagement Platform

Founded in 2013 by Yamini Bhat, a McKinsey alum, and Venkat Malladi, a Google alum, Vymo is a sales engagement platform for enterprise sales/ service teams that helps improve sales outcomes through bottom-up insights and interventions.

It predicts what a rep/manager should do next, detects whether this has happened and links this to downstream metrics to drive better predictions. 

Speaking about the development, Yamini Bhat, Co-founder and CEO of Vymo, said, 

“The investment will be used to accelerate business growth in strategic markets like North America and Japan to improve sales engagement outcomes through bottom-up interventions. Vymo will also expand its current team to strengthen its product, engineering and customer-facing teams in the US, Japan, Indonesia & India.”

As per the startup, with its DAU (Daily Active Usage) over 75 per cent across 250,000 users in over eight countries and 60 mins per day time spent by users, Vymo’s engagement is stronger than Slack or Instagram.

Backed by major enterprise client wins across Asia, Japan, and North America and partnerships with world-leading companies such as Microsoft, SoftBank, Lineworks, Salesforce, and EY, the sales engagement platform claims to have seen rapid growth. 

Commenting on the development, Rohit Sood, Partner at Bertelsmann India Investments, said, 

“Vymo is building the next generation of intelligent sales automation tools driving huge and direct impact on its clients’ toplines across the globe. The engagement on the product is something we have never seen before in any product in any field. Yamini and Venkat’s market understanding and execution focus is exceptional, and we are delighted to partner with them.”

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