SucSEED Venture Partners invests in CIE@IIITH Startup Paymatrix.
5 December 2018, Hyderabad: SucSEED Venture Partners invested in CIE@IIITH’s startup Paymatrix, a leading Property rent management platform.
Paymatrix enables tenants, landlords and property managers to better manage their property rentals and collections through its analytics-driven interface. The platform primarily enables property managers to handle all interactions with tenants transparently, while offering them unique insights on improving their rental-yields and ROI.
Mukesh Chandra, co-founder of Paymatrix said, “This investment from SucSEED will help us build upon the product further to offer a seamless experience to tenants and landlords.”
Muralidhar Nayak , another co-founder of Paymatrix adds, “Our mentors from SucSEED have vast experience of building and operating technology-intensive businesses. They have been able to provide a perfect support structure for business guidance and market access”.
Speaking on why SucSEED has invested in Paymatrix, Vikrant Varshney, Cofounder & Partner, SucSEED, said “Paymatrix provides real estate management solutions to 21st century Indian society’s pain points and compliance expectations. SucSEED believes in providing “Value Investment capital’ at a critical phase of growth in a start-up. Its members include experienced corporate executives, real estate owners and successful industrialist/ entrepreneurs who mentor start-ups in their challenging rollercoaster journey to success. SucSEED believes in organizing inorganic growth for their portfolio companies using their experience, reach and network besides investments, which is what an Angel investor shall do.”