Productivity management startup Blueleaf Cyberspace raises funding
Cloud-based SaaS platform Blueleaf Cyberspace Systems Pvt Ltd that offers attendance and productivity management tools has raised an undisclosed amount of seed funding from Bengaluru-based real estate firm Ferns Estate and Developers, as per a Vccircle report.
The startup will use the funds for marketing and expansion as per co-founder Joseph Rasquinha. Additionally, it will also invest significantly in developing more verticals under its portfolio of products.
Founded in 2018, Blueleaf currently has two flagship products named 99Walks and 99Stops.
99Walks is a mobile app that enables automatic registry of attendance when employees pass through a reception, lobby, office entrance or any designated corporate area. The attendance gets registered even if the employee’s mobile phone is kept in a pocket or handbag.
Meanwhile, 99Stops is a GPRS-based attendance system that allows companies to register attendance of on-field staff.
Joseph Rasquinha stated that unlike the normal practice of tracking on-field staff attention by looking at their targets or places visited, 99Stops tracks their presence. If an executive is assigned to do 25 deliveries spending 10 minutes in each location, but is observed spending a lot of time spent in one or two locations, the company knows what to do to get their productivity up.
He claimed that 99Stops has helped businesses improve their on-field employee productivity by over 25% even after factoring in attrition costs.
Errol Fernandes, Chairman and Managing Director of Ferns, stated, “The future for B2B and B2C markets is in products that use artificial intelligence, Internet of Things, and blockchain. Blueleaf’s unique applications and the use of automation and AI in its domain allows for the great potential for the market, which is why we invested in them.”