HomeStartupData Sutram secures $2.07 Mn from Varanium Capital, Yatra Angel Network & Others

Data Sutram secures $2.07 Mn from Varanium Capital, Yatra Angel Network & Others

Reader's Pick

Ai-based location intelligence company, Data Sutram on Wednesday said, “It has raised $2.07 Million in fresh round funding led by Varanium Capital and Yatra Angel Network.”

The round also saw participation from Group of Angel Investors, DMI Finance’s Sparkle Fund, White Ventures, Seeders LLP, and from its existing investors including IIFL Fintech Fund, Indian Angel Network.

“The startup plans to use the fresh round funds to build and enhance new and existing products respectively as well as scale to new geographies & sectors,” the statement said.

Founded in 2018, Data Sutram was founded by engineers from Jadavpur University – Rajit Bhattacharya, Aisik Paul, and Ankit Das, to make actionable insights readily available for every address in India. The proprietary AI and ML-driven data engine automatically convert raw unstructured data from satellites, mobile phones, POS machines, and several other sources to create insights that capture how people live and behave, available for any location up to 100m granularity.

- Advertisement -

Commenting on the fundraise, Rajit Bhattacharya, Co-founder & CEO, Data Sutram said, “Today, India is home to the fastest-growing data science communities, however, the challenge here is- without the right data, all these AI & ML models are going to be ‘garbage-in & garbage-out. With Data Sutram, the idea is to create actionable data that people can act on & take decisions that give an incremental lift to business operations”

Speaking on the investment in Data Sutram, Aparajit Bhandarkar, Partner, Varanium NexGen Fund said, “The Insurance, Lending & Banking sectors have been showing significant shifts in the last decade. This brings in a growing need for fintech and traditional companies to use alternative intelligence and enhance customer acquisition, credit underwriting, and distribution planning. Data Sutram is addressing these challenges and is playing an active role in bridging this gap.”

Subscribe to our Newsletters

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.
 

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

Paytm Payouts transfers Rs 1,500 crores

India-based e-wallet company, PayTM said, "Its Paytm Payouts has transferred ov...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Rajesh Bysani joins Brainly as its new CPO

A New York headquarter peer-to-peer learning platform, Brainly has announced th...

NPCI’s new 1.1% interchange fee on UPI PPIs receives mixed reactions from industry experts

A move by the National Payments Corporation of India (NPCI) to charge an interc...

Interview: Muthoot Finance Dy MD Alexander George says, “Monthly customer transactions double to 8.25 lakh”

In an interview with TechGraph, Alexander George Muthoot - Deputy Managing Dire...

Passwordless authentication platform 1Kosmos sees significant growth in India

1Kosmos, a leading multi-factor authentication solution provider has reported a...