Indian Angel Network to Invest Rs 3.25 Crore in Peel-Works

India’s leading venture capital firm Indian Angel Network (IAN) will invest up to Rs 3.25 crore in Peel-Works, a sales manpower transformation and business process outsourcing (BPO) firm.

Mumbai-based Peel-Works would use the funds to expand product offering, creating technology differentiators and human capital. Peel-Works aims to focus on enhancing productivity of indirect sales force of FMCG (fast moving consumer goods), telecom and insurance companies.

The company said it had received strategic inputs from IAN for future growth. Two members of IAN - Sadeesh Raghavan and Srikant Sastri - will join the firm's board.

IAN has invested across multiple sectors like IT, mobile and education.