Sapio Analytics Receives Strategic Investment Of $150,000 From Rakesh Rathi-Led Parthiv Group

• ByAyushi Ray     |    July 14, 2021

Sapio Analytics receives $150,000 strategic investment from Rakesh Rathi-led Parthiv Group. This advisory firm has developed its presence in the UK, the US, and India. The investment has been done at Sapio Analytics’ last market valuation of $20 million. The company will use the funds to expand into insurance and financing for micro and small-sized businesses with innovative financial instruments facilitated by the Parthiv Group’s LCBidding.com and InsureTech. Speaking on the development, Hardik Somani, Director of Sapio Analytics, said, “ The firm is currently seeking investments from selected investors as part of its ongoing bridge round before getting into a round of growth capital-driven global expansion. This funding by Parthiv Group is a demonstration of trust in our capabilities to strategically expand ourselves across domains and geographies, backed by our AI system connecting all our divisions.”

Mumbai-based Sapio Analytics was founded by Hardik, Ashwin Srivastava, Shripal Jain and Viral Vora. It is an AI shadow government support system that supports them to leverage new-age technologies, particularly in the urban and rural administration, economic growth, law enforcement and intelligence, and healthcare departments. In January 2021, it partnered with the Uttar Pradesh government’s UPICO to conduct hyperlocal level analysis and evaluation of the unorganised sector to drive socio-economic growth.  Rakesh Rathi called this investment an important step in its growth strategy. He said, “We hope this association will create a synergy between Sapio Analytics and Parthiv Group’s fintech businesses like Insure Efficient and LC Bidding.”

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