The investment was made by IDG Ventures India, an early-stage technology venture capital firm investing in technology and technology-enabled companies.
This funding will be used to fuel iCreate's growth strategy which includes building a global sales platform, increasing marketing efforts, and continuing investment in product development.
Vivek Subramanyam CEO of iCreate said, "At iCreate, we are working on next generation Business Intelligence and Analytics products & solutions to enable and empower our customers."
He said, "IDG Ventures with their experience in helping start-ups realize their full potential will definitely strengthen the iCreate team."
TC Meenakshisundaram, Managing Director at IDG Ventures India said, "iCreate has a proven business model and a capable management team that has delivered successful results in the past.
"We believe will continue to anchor iCreate's stellar growth into the future," he said.