Now Reading
Big-data analytics startup IntelligenceNODE raises Rs 26 crore in Series-A funding

Big-data analytics startup IntelligenceNODE raises Rs 26 crore in Series-A funding

Intelligencenode

IntelligenceNODE, a big-data analytics startup, has raised Rs 26 crore in a Series-A funding led by Silicon Valley-based New Enterprise Associates (NEA) and seed investor Orios Venture Partners.

The Mumbai-based startup, founded by Sanjeev Sularia and Yasen Dimitrov, provides customised solutions to brands and retailers for competitive benchmarking as well as price and merchandising optimisation. It had raised Rs 2 crore in 2014.



“The next 12 months’ target will be to get to half a million monthly net recurring revenues, which gives us a $6 mil lion annual run rate,” said Sularia, IntelligenceNODE’s 32-yearold chief executive who previously served as the finance chief of e-tailing startup Exclusively.in.

See Also
gym

W3Schools
Case Study: How Cure.Fit Used Technology & Advertising To Disrupt The Market To Their Advantage

While the company’s current revenue is evenly split between India and overseas, it expects the share of foreign revenue to increase to 80% in the next 12 months. IntelligenceNODE plans to hit the road again in three to four months to raise $15-20 million in a Series-B round. It has 60 clients and counts companies like Indix and Boomerang Commerce as its main competitors. NEA, which raised $3.1 billion earlier this year, has been looking to step up investments in India.

 

Provide your comments below

comments

View Comments (0)

Leave a Reply

Copyright Analytics India Magazine Pvt Ltd

Scroll To Top