Delhi-based digital analytics startup, PropheSee, has raised about $500K (NIR 3.3 Cr.) in an angel round of funding led by Indian Angel Network, Stanford Angels and Entrepreneurs India, confirms founder Jitesh Luthra.
Ajay Lavakare, who led the round on behalf of Indian Angel Network and Stanford Angels and Entrepreneurs, will be joining the board of directors along with PropheSee’s advisor & mentor, Sujal Shah (CXO/Investor, MissMalini Media & MD Bandra Road Advisory).
Founded in 2014 by Harshil Gurha, Ishaan Sethi and Jitesh Luthra, PropheSee – a Big Data Software as a Service (SaaS) platform – allows brands to leverage their digital presence by developing actionable insights, predicting outcomes & optimizing for success.
Since its launch in November 2014, PropheSee has worked with over 15 brands across 6 industries, in India as well as abroad and became cash positive within three months of its launch.
Instead of analyzing several data sources in isolation – be it social media channels (such as Facebook, Twitter & Instagram) to customer relationship management & sales figures etc., the PropheSee platform aggregates various data streams into one dashboard & enables brands to get the most accurate 360° perspective on where they lie in the market.
The platform will be tracking upwards of 40 channels in the next 6 months with new developments in their analytics & reporting modules alongside content discovery, execution & monitoring features.