BI Startup vPhrase Analytics Raises $2 Million In Series A Funding From Falcon Edge & Bharat Innovation Fund

Business intelligence and data analysis tools startup vPhrase Analytics this week secured a Series A funding for $2 million from Bharat Innovation Fund and Falcon Edge Capital. The company, which was founded in 2015, has built a product called Phrazor which can gather data, structure facts and apply language to describe it, and finally generate insightful outputs from it.

Phrazor is now deployed across domains – banks, brokerage firms, healthcare, CPG companies, media and entertainment and makes the job of reporting easier by giving a personalized narrative and highlighting areas that need due attention.


Sign up for your weekly dose of what's up in emerging technology.

Neerav Parekh, founder and CEO at vPhrase says that the company will use its funding towards setting up offices in North America, launching their new product Explorazor and hiring more experienced staff to guide them along.

He told a noted financial daily, “So far, we’ve been working with some large enterprises in India and with some companies in Hong Kong and Singapore. Our plan now is to get into western markets. For that, we will first enter North America, starting with the US and Canada… The funds will also be used to launch our latest product, Explorazor, an independent BI and analytics platform, which provides ready-to-consume insights, with powerful collaboration features.”

The Mumbai-based startup counts some of the biggest names from banking, FMCG, retail and media world like HDFC Bank, Motilal Oswal Securities, Unilever, Accenture, consulting companies like Accenture, Wipro, TCS, Viacom18, Sony, as its biggest clients.

More Great AIM Stories

Prajakta Hebbar
Prajakta is a Writer/Editor/Social Media diva. Lover of all that is 'quaint', her favourite things include dogs, Starbucks, butter popcorn, Jane Austen novels and neo-noir films. She has previously worked for HuffPost, CNN IBN, The Indian Express and Bose.

Our Upcoming Events

Conference, in-person (Bangalore)
Machine Learning Developers Summit (MLDS) 2023
19-20th Jan, 2023

Conference, in-person (Bangalore)
Rising 2023 | Women in Tech Conference
16-17th Mar, 2023

Conference, in-person (Bangalore)
Data Engineering Summit (DES) 2023
27-28th Apr, 2023

Conference, in-person (Bangalore)
MachineCon 2023
23rd Jun, 2023

Conference, in-person (Bangalore)
Cypher 2023
20-22nd Sep, 2023

3 Ways to Join our Community

Whatsapp group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our newsletter

Get the latest updates from AIM