Fyle, which is an expense management tool has now secured INR 1.04 crore from the investors which includes the Kedar Gavane, Bharati Balakrishnan, according to the report which has been revealed.
The current round is the extension of the funding round of Series A which held in the month of February, when Fyle, secured $4.2 million led by the US Hedge Fund Tiger Global Management and joined by the previous investors Beenext, Freshworks and Pravega ventures.
The platform which is operated and owned by the Fyle technologies Pvt Ltd was founded in the year 2016 by the Yashwanth and Siva. Fyle offers the employees with a single platform to file expenses with a plugin that extracts and classifies data from the bills inside the paper and email receipts.
The startup is going to use the funds for the marketing expansion in the US and investment in product development.