Data Sutram, a Mumbai, India-based B2B-SaaS startup has raised $3 million in Series A funding.
The round was led by Bharat Fund with participation from Singularity Growth Fund, IIFL, Yatra Angel Network, and White Venture Capital, amongst others.
Founded in 2018, Bharat Fund is a venture capital firm based in Ahmedabad, India. The firm seeks to invest in companies operating in the deep tech and enterprise sectors across the Indian region.
Data Sutram Use of Funds
The funds will be used to improve Data Sutram’s product offerings and facilitate customer acquisition, credit underwriting, fraud investigation, and collections in financial services.
Founded in 2019 by Rajit Bhattacharya, Ankit Das and Aisik Paul, Data Sutram Data Sutram is a B2B SaaS that helps banks & financial services find answers on markets, consumers, businesses & risk. Its platform leverages intel from over 250+ sources to help financial services companies decide on their customers at every point of their life cycle.
Data Sutram aims to address core banking challenges, offering insights obtained by blending General Data Protection Regulation (GDPR)---compliant data from multiple sources.
Company: Extrapolate Advisors Private Limited
Round: Series A
Funding Month: September 2023
Lead Investors: Bharat Fund
Additional Investors: Singularity Growth Fund, IIFL, Yatra Angel Network, and White Venture Capital
Company Website: https://datasutram.com/
Software Category: AI and SaaS-based Local Data platform