India, Nov. 25 -- Zerodha's fintech fund and incubator Rainmatter has invested INR 10 Cr in open-source enterprise resource planning software ERPNext.

Founded in 2008 by Rushabh Mehta, ERPNext offers various modules for inventory management, payroll, sales and support CRM, ticketing, human resources and employee wellness. It is built on top of the Frappe Python framework that allows one to rapidly customise and build complex business applications and workflows. The company has more than 5,000 customers including Zerodha. ERPNext is offered as a hosted cloud solution for businesses with competitive prices.

"This is a strong signal of the arrival of ERPNext as an alternative to the large, expensive and proprietary ERP products. ERPNext is...