Location intelligence company Data Sutram raises USD 2.07 Mn

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

Advertisement

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.

THE BELAMY

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

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.

More Great AIM Stories

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.

Our Upcoming Events

Conference, in-person (Bangalore)
MachineCon 2022
24th Jun

Conference, Virtual
Deep Learning DevCon 2022
30th Jul

Conference, in-person (Bangalore)
Cypher 2022
21-23rd Sep

3 Ways to Join our Community

Discord Server

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

Telegram Channel

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

Subscribe to our newsletter

Get the latest updates from AIM
MORE FROM AIM
Amit Raja Naik
Oh boy, is JP Morgan wrong?

The global brokerage firm has downgraded Tata Consultancy Services, HCL Technology, Wipro, and L&T Technology to ‘underweight’ from ‘neutral’ and slashed its target price by 15-21 per cent.