Location intelligence company Data Sutram raises USD 2.07 Mn

Data Sutram was founded by Rajit Bhattacharya, Aisik Paul and Ankit Das.
Data Sutram

AI-based location intelligence company Data Sutram has raised USD 2.07 million in a funding round led by Varanium Capital and Yatra Angel Network. DMI Finance’s Sparkle Fund, Seeders LLP, White Ventures, IIFL Fintech Fund, and Indian Angel Network participated in the round. Earlier, Data Sutram  raised an undisclosed amount from 100x.VC and Indian Angel Network.

The startup will use the fresh capital to expand its operations to South East Asia and the Middle East and will also invest in new data sources.

Data Sutram was founded by Rajit Bhattacharya, Aisik Paul and Ankit Das. The platform aggregates intelligence data on people and places from 250 partners. Data Sutram’s proprietary AI and ML-driven data engine converts unstructured data from sources like satellites, phones, mobile phones, etc to structured data.

With a strategic partnership with IIFL Finance and IIFL Securities, Data Sutram has entered the BFSI space. “After working extensively in retail manufacturing, Data Sutram is now eyeing the BFSI segment which is the intent behind the raise. After early success with several fintech, banks and NBFCs, we have found great applications of alternate data in – evaluating assets, predicting delinquencies, adjudging risk, recollection planning, among others,” said Rajit, founder and CEO of Data Sutram.

Download our Mobile App

Shraddha Goled
I am a technology journalist with AIM. I write stories focused on the AI landscape in India and around the world with a special interest in analysing its long term impact on individuals and societies. Reach out to me at shraddha.goled@analyticsindiamag.com.

Subscribe to our newsletter

Join our editors every weekday evening as they steer you through the most significant news of the day.
Your newsletter subscriptions are subject to AIM Privacy Policy and Terms and Conditions.

Our Recent Stories

Our Upcoming Events

3 Ways to Join our Community

Telegram 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 Daily newsletter

Get our daily awesome stories & videos in your inbox

Can OpenAI Save SoftBank? 

After a tumultuous investment spree with significant losses, will SoftBank’s plans to invest in OpenAI and other AI companies provide the boost it needs?

Oracle’s Grand Multicloud Gamble

“Cloud Should be Open,” says Larry at Oracle CloudWorld 2023, Las Vegas, recollecting his discussions with Microsoft chief Satya Nadella last week. 

How Generative AI is Revolutionising Data Science Tools

How Generative AI is Revolutionising Data Science Tools

Einblick Prompt enables users to create complete data workflows using natural language, accelerating various stages of data science and analytics. Einblick has effectively combined the capabilities of a Jupyter notebook with the user-friendliness of ChatGPT.