We previously introduced everyone to Clodura when we initially invested in them. Here’s a refresher on what they do:
Clodura is a B2B sales data platform for high-precision prospecting, intelligence, and outreach. The company's SaaS platform helps inside sales executives identify relevant leads, manage outreach through email campaigns and contact numbers, and provides related information to help close deals. Essentially, Clodura is a ‘top of the funnel’ intelligent sales tool that helps drive customers into a company’s CRM.
How Have They Evolved?
a) Lead Generation: Clodura leverages AI algorithms to analyze vast amounts of data to identify high-potential leads. By automatically identifying and prioritizing leads based on various parameters, Clodura.AI assists sales teams in focusing their efforts on leads with the highest likelihood of conversion.
b) Sales Automation: With features like automated data entry, appointment scheduling, and task management, sales professionals can focus on building relationships and closing deals.
c) Analytics: Clodura tracks key metrics like conversion rates, sales cycle duration, and average deal size. Their AI capabilities help make informed decisions about resource allocation, lead targeting, and pricing strategies. Clodura also segments your customer base and tailors outreach to specific needs and interests, thereby improving customer engagement and satisfaction.
a) Clodura boasts a database of over 600 million contacts, 120 million direct dials, and granular data on more than 18 million companies.
b) We are impressed with Clodura’s ability to provide high-quality data for LeadGen at a fraction of the cost compared to its peers.
3. Enterprise Clients:
a) The global sales intelligence market was estimated at $3.1 billion in 2022. However, ZoomInfo estimates the market opportunity to be much larger, upward of $20 billion.
b) Given the vast market for Sales Intelligence, Clodura has strategically targeted enterprise clients with its superior offerings. They have earned the trust of clients like Bosch, HCL, and Hexaware, to name a few.
4. CRM Cleanup:
a) No competitor in the space offers a CRM Cleanup API. The Clodura.AI CRM Cleanup API is a powerful tool that cleans up and enriches customer information, transforming it into a goldmine of accurate and actionable insights.
b) Simply provide a name, and the API works its magic behind the scenes. It verifies emails, finds missing phone numbers, and uncovers social media profiles, giving you a complete picture of each customer. It’s like having a personal data assistant for your CRM.
We are excited to share that Clodura.AI has raised $2 million (approximately INR 16.6 crore) in a Pre-Series A funding round led by deeptech-focused venture capital firm Bharat Innovation Fund. We firmly believe in Kapil and Ajay’s exceptional leadership to steer Clodura to new heights following this round of funding. Their deep industry expertise and unwavering commitment have been instrumental in our success so far and have given us the confidence to double down on our investment with Malpani Venture’s participation in this Pre-Series A round.
Congratulations to the Clodura team! Malpani Ventures is excited to be on this journey with them.