wordpress blog stats
Connect with us

Hi, what are you looking for?

IntelligenceNODE raises $4M from NEA & Orios Venture Partners

big data

Mumbai-based IntelligenceNODE, a big data analytics startup, has raised Series A funding worth $4 million from New Enterprise Associates (NEA) and Orios Venture Partners, reports ET. The company will use the funds for client base expansion and augmenting its technology team.

The company claims that it provides its clients intelligence which reduces the merchandising cycle from 6 months to 10 days through trends in high velocity unstructured data. Started in 2012 by Yasen Dimitrov and Sanjeev Sularia, it helps retailers with pricing and merchandising analytics by recommending prices and identifying underperforming items to be struck out. It also categorises products for co-marketing to increase margins.

IntelligenceNODE has two products: iNCompetitor, which is a pricing and assortment data platform, which works with online and offline retailers and iNOptimizer, which uses price and merchandising algorithms to adjust pricing and assortment for increasing profit margins. It also helps stores design layouts and promotions targeted at impulse purchases. IntelligenceNODE claims to have clients in Unilever, Tata, Jockey and online lingerie store PrettySecrets. The TC report also added that so far, IntelligenceNODE had raised $4.4 million in funding, and claims that its revenues grew 450% between last year and this year.

Funding in the big data space:

– Last month, Big data and analytics startup Flytxt raised $11 million in funding led by Sunrise Capital GmbH and Big Data Investments B.V. with participation from Flytxt’s existing investors Cliffton Holding, IVC Venture Capital AG, RM Beteiligungsverwaltung GmbH and Schnell Consult GmbH.

Advertisement. Scroll to continue reading.

– In June, Seattle based Indix, a search engine platform and app which crawls product data and analytics, raised Series B funding worth $15 million from Nokia Growth Partners and existing investors Nexus Venture Partners and Avalon Ventures.

– In the same month, Tracxn, a research platform for private market investors, raised $10 million in a round of funding led by Sachin Bansal and Binny Bansal of Flipkart along with other individual investors, to launch an incubator called TracxnLabs, which will invest $20,000 to $50,000 in various startups.

– Data sciences and analytics firm Saama Technologies raised $35 million in a round of funding from California-based Carrick Capital Partners.

– In February, data analytics firm Manthan System raised $62 million in a round of funding led by Temasek and participation from existing investor Norwest Venture Partners.

– In January, data analytics startup Tookitaki raised $1 million in seed funding led by Jungle Ventures and participation from Blume ventures and Rebright Partners. The startup had said it would use the funds to expand to newer markets like Australia, New Zealand, Japan and Southeast Asia and invest in research & development.

– In the same month, big data company Antuit holdings raised $56 million from investment bank Goldman Sachs and existing investor Zodius Capital. The funding would be used to support the company’s acquisitions and organic growth.

Advertisement. Scroll to continue reading.

Image Credit: Flickr user Bob Mical

Written By

I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ