Based in 2008 by Rushabh Mehta, ERPNext presents numerous modules for stock administration, payroll, gross sales and help CRM
ERPNext is obtainable as a hosted cloud answer for companies with aggressive costs
By means of Rainmatter, Zerodha invests between $100okay -$1M for a minority stake in startups
Zerodha’s fintech fund and incubator Rainmatter has invested INR 10 Cr in open-source enterprise useful resource planning software program ERPNext.
Based in 2008 by Rushabh Mehta, ERPNext presents numerous modules for stock administration, payroll, gross sales and help CRM, ticketing, human sources and worker wellness. It’s constructed on prime of the Frappe Python framework that permits one to quickly customise and construct advanced enterprise functions and workflows. The corporate has greater than 5,000 clients together with Zerodha. ERPNext is obtainable as a hosted cloud answer for companies with aggressive costs.
“This is a strong signal of the arrival of ERPNext as an alternative to the large, expensive and proprietary ERP products. ERPNext is powerful, scalable and 100% opensource and with the investment, we will continue investing in the product and the community,” mentioned Rushabh Mehta, founder & chief government officer, ERPNext.
“ERPNext has played a significant role in helping us rapidly build and scale the Zerodha technology stack into the largest stockbroking platform in India,” mentioned Kailash Nadh, chief expertise officer, Rainmatter and Zerodha.
Zerodha arrange Rainmatter in April 2019 to spice up inventory market investments by funding entrepreneurs. By means of Rainmatter, Zerodha invests between $100okay -$1M for a minority stake in startups which can be attempting to convey extra Indians to put money into shares, mutual funds, ETFs, Bonds, G-Secs, and take part within the financial system extra straight.
“We are very happy to be able to support ERPNext, the best Free and Open Source (FOSS ) project out of India, and also make this investment into the FOSS ecosystem here…Rushabh Mehta founded ERPNext 10 years ago as a system to help manage his family’s business, and since then, he and his team have turned it into a sophisticated and expansive piece of technology…The team of passionate technologists and FOSS developers are now at a juncture where they have to expand to non-technology arenas such as sales and consulting to cater to the growing list of enterprise, B2B customers,” mentioned Nadh.
That is Rainmatter’s newest guess on a startup. The incubation platform-cum-fund says it supplies capital and workspaces to corporations that it backs. Rainmatter led an angel funding in child-focused studying agency QShala and Terra.do Inc., ImStrong, Sensibull and digital studying platform LearnApp.