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Chennai based AI startup Ganit raises funds in pre-series A round

The amount of funds raised was not disclosed
Chennai based AI startup Ganit raises funds in pre-series A round
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Recently, AI and data analytics startup Ganit said it had raised funds in pre-series A round led by Sangeet Kumar, co-Founder & CEO of Addverb Technologies; Krishnan Vishwanathan, Co-Founder & CEO, Kissht; Anshul Gupta & Amit Raj, co-founders of EatClub Brands (formerly Box8), among others.

Founded by Shivaprasad KT, Ashok Harwani and Hariharan R in 2017, the company expects to double its headcount to 500 by 2023-end. The funds will be used to expand Ganit’s product portfolio in various spaces, including customer opinions, forecasting, promotion planning, route optimisation, price optimisation, and areas such as ESG (Environmental, Social and Governance).

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Ganit designs and deploys purpose-built AI/ML solutions. The company aims to solve diverse business problems through practical solutions, minimising decision risk across industries, and helping organisational leaders utilise their data across the board. The company works with Fortune 1000 clients across several domains, including BFSI (banking, financial services and insurance) industries across several geographies.

“The world needs data which will just not sit in silos for various reports but will be turned into actual attainable action. Ganit has cracked the code on how to help enterprises achieve just that. We are happy to be part of this story and wish the team great success”, Amit Raj, Angel Investor and Co-founder EatClub Brands (formerly Box8) said.

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Tasmia Ansari
Tasmia is a tech journalist at AIM, looking to bring a fresh perspective to emerging technologies and trends in data science, analytics, and artificial intelligence.

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