AdWyze, marketing automation technology startup, has raised $1 million from investment bank Mape Advisory. The Bengaluru-based firm has built a digital marketing automation and optimization platform for enterprises and SME advertisers, who spend their advertising budget on Facebook. The company is soon going to introduce a product for Google within the next month.
"They seem to be scaling up well and we already have marquee VCs courting the firm for Series A investments. Currently they are well funded and already have their revenue engine in place; so there's no immediate plans of another fund raise”, Jacob Mathew, MD and cofounder, Mape Advisory, said.