Navi Mumbai-based Novavente raises $3 million funding from Highbrow Securities

Navi Mumbai-based technology sales and consulting firm Novavente has raised $3 million in funding from Highbrow Securities, a firm known for its expertise in late-stage investments in small and medium-sized enterprises (SMEs). 

The funding would help the company in its plans for expansion, enhancement of its offerings and services, and significant workforce growth. 

"Investing in Novavente underscores our deep confidence in their innovative sales acceleration and AI-driven solutions. Generative AI will be transformative, becoming the new industry standard. Novavente is at the forefront of this shift, poised for exceptional growth. As they prepare for their IPO, Novavente offers a compelling high-growth narrative," said Tarun Singh, Managing Director of Highbrow Securities.

What does Novavente do?

Founded in 2016 by Ronak Rajan, Novavente Private Limited is a technology sales and consulting firm specializing in global sales enablement and demand generation.

The company leverages artificial intelligence, machine learning, sales automation, and research-driven strategies to assist clients in expanding their market reach and exploring new geographical opportunities.

It offers services in sales, marketing, managed services, technology sales, and B2B sales.

Novavente claims that its client base includes Fortune 500 companies, large enterprises, and startups across various regions such as the US, Europe, the UK, the Middle East, and Asia-Pacific

Serving notable clients

Novavente serves a diverse range of clients, including global companies, large enterprises, and startups.

Notable clients include ONGC, LTIMindtree, Viacom18, Jio Cinema, Sodexo, and Alibaba. These clients span various sectors such as IT, software, cloud services, manufacturing, automotive, and media.

“Over the last nine years, we have grown steadily and profitably year-on-year and now, we are excited to have Highbrow Securities as a strategic partner and advisor, during the next phase of growth and global expansion…As we approach our IPO, their support and advice will be essential in helping us achieve our long-term goals," said Ronak Rajan, founder and chief executive at Novavente.

In addition, Novavente has invested in developing generative AI products and services, such as its investment in Thought Minds Systems, a startup specialising in GenAI.