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IDG Ventures India, Axilor Ventures, and Others Invest US$1.1 Million in PipeCandy (Asia)

Venture capital firms IDG Ventures India, Axilor Ventures and Emergent Ventures and angel investment group Indian Angel Network have invested US$1.1 million in the seed round for India-based sales intelligence startup PipeCandy. The company, which offers data tracking services and industry-specific insights to sales representatives in retail and e-commerce firms, plans to use the funds to expand its coverage to health care and commercial real estate and to expand its data science team.