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Say What? Director Of BitChemy Ventures Invests In Two Of His Firms

BitChemy Ventures has invested in two companies co-founded by its Managing Director Sunil Motaparti - 3LOQ Labs and Altiux. The Hyderabad-based incubator also invested in a third startup Cafyne and the total size of investments in three companies was $6 million, reports VCCircle. Update: BitChemy mailed us to clarify that Motaparti is also the founder of the venture, which is a technology incubation firm. 3LOQ helps brands and retailers understand individual customer's behavior based on past actions and context and automatically adapt marketing campaign to their habits using machine learning. The Hyderabad-based company was founded by Motaparti and Anirudh Shah and it claims to have networked directly with mobile operators to provide live customer data. That said, it is not clear what kind of data they are getting from operators and for what that is being used. Altiux is an early-stage Bangalore-based end-to-end product engineering company for industrial, telecom, mobile…

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