New Delhi, Nov 15 (PTI) IT startup Contentstack has raised USD 80 million, about Rs 647 crore, in a funding round co-led by Georgian and Insight Partners with participation from Illuminate Ventures, the company said on Tuesday.

US-headquartered Contentstack said that it will use the funds to continue to build a feature-rich content management systems (CMS) product and for hiring talents in India.

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"We are super excited to be among the fastest growing SaaS (Software as a Service) companies in India. Contentstack was incubated in India-based Raw Engineering before it was spun out to take on a more global presence in 2018. Our mission is to help support and drive massive growth in the Indian startup ecosystem," Contentstack's co-founder and chief technology officer Nishant Patel said.

The company plans to use the funds to continue to grow and recruit in Hyderabad, Bengaluru, Pune and Virar-Mumbai, the statement said.

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Georgian's Lead Investor Emily Walsh will join the Contentstack board along with Contentstack CFO David Overmyer.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)