Data Sutram, a Mumbai, Maharashtra-based AI-based location intelligence company that helps businesses leverage location-based insight, raised $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.
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.
Company: Extrapolate Advisors Private Limited.
Funding Month: February 2022
Lead Investors: Varanium Capital and Yatra Angel Network
Additional Investors: DMI Finance’s Sparkle Fund, Seeders LLP, White Ventures, IIFL Fintech Fund, and Indian Angel Network
Company Website: https://datasutram.com/
Software Category: AI-based Location Intelligence
About the Company: Data Sutram was founded by Rajit Bhattacharya, Lasik Paul, and Ankit Das, Data Sutram is an AI-based Location Intelligence Company with a Cloud-Based B2B Data MarketPlace Product that helps businesses leverage location-based insight from over 250+ Data Sources. The platform aggregates intelligence data on people and places from 250 partners. Data Sutram’s proprietary AI and ML-driven data engine convert unstructured data from sources like satellites, phones, mobile phones, etc to structured data. The company operates in a Data As A Service Model & currently is catering to Retail, E-commerce & BFSI Sectors.