AI Startup Data Sutram Raises Undisclosed Funding
Summary
The firm was started in 2018 by three Jadavpur University engineering graduates, Rajit Bhattacharya, Aisik Paul, and Ankit Das. In August, IIFL Group, backed by Fairfax Financial Holdings Ltd., launched a dedicated Rs 100-crore early-stage fund to invest in Indian fintech startups. After early success with several fintechs, banks and NBFCs, we have found great applications of alternate data in - evaluating assets, predicting delinquencies, adjudging risk, recollection planning, etc. We hope our contribution will help the company build a superior product for the market.” Earlier, Data Sutram had been invested in by 100x.VC (as a part of their Class 01) & Indian Angel Network. In a hyper competitive world, solutions from Data Sutram will help companies in the BFSI sector to maintain their leadership position.