DataSutram, an AI-based tech startup, has raised $2.07 million in a funding round led by Varanium Capital and Yatra Angel Network. The round also saw participation from DMI Finance’s Sparkle Fund, White Ventures, Seeders LLP, the notable angel investors from the banking and financial services domain, and existing investors: IIFL Fintech Fund and Indian Angel Network.
Post this round, the startup is looking to scale its operations beyond India to South-East Asia & the Middle East and further invest in new data sources.
Founded in 2018 by Rajit Bhattacharya, Aisik Paul, and Ankit Das, Data Sutram’s proprietary AI and ML-driven data engine automatically converts raw unstructured data from satellites, mobile phones, POS machines, and several other sources to create insights that capture how people live and behave, available for any location upto 100m granularity.
The Kolkata-based startup had earlier raised funds from 100xVC, Indian Angel Network, and IIFL Fintech Fund.