Data analytics startup Quantta Analytics has raised an undisclosed amount of funding in its Pre-Series A round. The round was led by undisclosed entrepreneurs and investors from India and Silicon Valley.
Quantta will use the funding in enhancing its tech stack, strengthening the core technology team, and expanding its presence across various cities in India. Also, the startup is in the process of setting up Quantta Labs in Silicon Valley.
“Without big data analytics, companies are blind and deaf, wandering out onto the Web like deer on a freeway.” – Geoffrey Moore, Author of Crossing the Chasm & Inside the Tornado.
Geoffrey made this statement in 2012. Ritesh Bawri, the founder of Quantta Analytics, however, felt the heat much earlier. In 1999, he established his first data analytics company, Cijen Inc in the US, and shut it down after three years. Then in 2014, almost 15 years later, he once again entered the analytics space with Quantta Analytics. But this time, in India, when he had the opportunity to go back to the US and start the company there.
“I agree that India is a difficult market. Getting the customer is difficult but then where in the world is it easy? Also, the prime premise of building Quantta Analytics in India was the belief that India’s data should remain in India only. Currently, loads of our country’s data is travelling to all parts of the world. And we wanted to build something that can help keep the data inside the country that too in a unique manner,” begins Ritesh.
Today, with its patent pending data fusion technology, Quantta Analytics is interpreting and deciphering dark data for its consumers in real-time. Quantta’s team of 14 comprises mathematicians, PhDs, statisticians, and engineers from MIT, Harvard, University of Michigan, University of Maryland, IIT and ISI.
It is already working with over 100+ clients in microfinance, BFSI, retail, hospitality, food & beverages, logistics, energy, and healthcare. Some of its major clients include State Bank of India, Kotak, Fullerton, IDFC, Muthoot, Mannapuram, Ujjivan, Capital First, McDonald’s and Starbucks among others.
Quantta has a pan India presence. The solutions are built out of Bengaluru and business development is largely out of Mumbai. Also, from a data availability point of view, they have already covered 200 top cities of India.