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Collatree, a global provider of software services based in Kozhikode in Kerala, has raised an undisclosed amount in pre-series A funding from business leaders in Saudi Arabia. With this, the company is expanding its presence to Saudi Arabia, a company spokesperson said. Collatree had created headlines earlier by announcing the merger of seven start-ups with different entrepreneurial roots in their bid to beat the Covid-19 blues. Manu Ganga, Co-Founder and Chief Growth Advisor, had explained to businessline how the merged entity had introduced the trend-setting ‘Thrasio’ model in Kerala.
Thrasio model pilot
Under a Thrasio model, named after an eponymous US unicorn, a start-up collaborates with or acquires peers in a specific vertical and shares knowledge and resources to run them most efficiently. “At Collatree, we utilise each other’s knowledge base and experience and work under a single umbrella to give the best value proposition to clients,” Ganga had said . With its main focus on transforming businesses using the best-in-breed solutions, Collatree aims to curate the offerings to save companies time and money. Since the coming together of the seven, Collatree has crossed $1 million in sales, the spokesperson said.
Seven disparate start-ups
The seven start-ups that formed Collatree: Networth Software Solutions (software and web development, founded by Kavita Nair; Glaube Technologies (logistics, Faeez Musthaq); Growth Associates (digital marketing and growth, Akshay V and Manu Ganga); Zinfog (software and web development, Vivek Madhavan and Abdul Basith); Capio (brand marketing, Rifath Rahman); Armino Technologies (IoT and software development, Sooraj Narayanan); and Odox (Odoo open source ERP services, Muhammed Niyas Pavil and Muhammed Shiyas KP).
Focus in Saudi Arabia
Though these start-ups were all part of different entrepreneur groups, they looked at alternative ways to expand business before coming together, Manu Ganga said….
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