Kolkata-based tech startup Data Sutram raises Rs two Cr from Indian Angel Network.
Kolkata-based early-stage tech startup Data Sutram has raised funding of Rs 2 crore from Indian Angel Network (IAN) angels Uday Sodhi, Mitesh Shah, and Nitin Jain.
Founded in 2018 through three Jadavpur University engineering graduates Rajit Bhattacharya, Aisik Paul, and Ankit Das, Data Sutram is an AI-backed platform that gathers intel from exterior statistics to supply location-based information intelligence.
According to the startup, there is a big availability of precious insights that lie in the structure of unstructured information from multiple resources.
This information want to be processed, cleaned, geotagged, and converted into usable data, that can be effectively utilized by means of a business. Data Sutram goals to get to the bottom of this trouble as it uncovers uncooked statistics sources and calculates socio-economic parameters like demography, ethnicity, affluence, spending capacity, and a host of different parameters to apprehend a location.
The B2B-focussed startup claims that it helps a commercial enterprise with the aid of pinpointing new places to expand, enhancing the overall performance of present property (both bodily and digital), and micro-targeting the proper target audience for the product.
Starting at 12 facts sources, the engine presently faucets into over 200+ information sources in a span of six months to garner intelligence
At present, the startup is focussed on retail-specific sectors such as pharmacy, FMCG, and grocery, with plans of growth into the BFSI, agritech, and media and enjoyment in the future. Earlier this year, Data Sutram was once phase of 100X VC’s first type of 20 companies. It raised Rs 25 lakh from 100X.VC.