Data Analytics firm Ganit raises funding in Pre-Series A round

• ByStartupStory     |    July 13, 2022

Ganit, a startup in artificial intelligence and data analytics, announced that it has raised money from a number of investors and anticipates expanding its workforce to 500 by the end of 2023. 

The company did not disclose the amount of money raised but did note that Sangeet Kumar, co-founder and CEO of Addverb Technologies, Krishnan Vishwanathan, co-founder and CEO of Kissht, and Anshul Gupta and Amit Raj, co-founders of EatClub Brands (formerly Box8), among others, were responsible for leading the funding round. 

The additional funding will be used to broaden the company’s product offering in a number of areas, including the voice of the customer, forecasting, promotion planning, route optimization, price optimization, and quickly developing new markets like ESG (Environmental, Social and Governance). 

“Ganit aims to make data consumable more than ever before through practically built solutions, focusing on designing and deploying purpose-built AI/ML (Machine Learning) solutions to maximise decision-velocity and minimise decision-risk across industries. Observing organisational leaders struggle with the effective utilisation of their captured data as well as their reluctance across the board in adopting analytical solutions,” the company said.

“We are thrilled to be working with Ganit. The commitment and vision the team has for the business and the ecosystem is a reflection of their subject-matter expertise as well as their passion and vigour. Ganit has figured out a way to assist businesses in doing just that. We are content to be included in this story, “said Amit Raj, a co-founder of EatClub Brands and an angel investor.

Also Read – Web3 startup zbyte raised $10 million in funding led by private investors

About Ganit :

Shivaprasad KT, Ashok Harwani, and Hariharan R, three data science industry veterans, founded Ganit in 2017. The company works with Fortune 1000 clients in the BFSI (banking, financial services, and insurance) and retail industries as well as the pharmaceutical, consumer goods and services, and retail industries.

Follow Startup Story