Togai raises USD 3.1 million seed funding;

Business-to-business, software as a-service metering and pricing platform provider, Togai has raised USD 3.1 million in a seed round, led by Together Fund, the company said on Tuesday.

The fund raising by Togai, (pronounced as Tho-kai in Tamil meaning 'amount'), also saw participation from BoldCap, Core91, Rippling co-founder Prasanna Shankar among other angel investors.

The funds raised would be utilised by the company for product development and expanding into new geographies, Togai said in a statement.

''With Togai, SaaS companies can rapidly test and implement their pricing strategies and can go live within days instead of months. We are poised to continue our journey in building end-to-end monetisation solutions for this burgeoning segment and any B2B entity seeking to implement pricing changes to drive growth and profitability,'' company co-founder Abhishek Rajagopal said.

''Furthermore, we are excited to expand our reach to additional territories,'' he said.