AI-powered Funding Alert

IvyCap Ventures leads $6.7m round in Indian platform Spector.ai

• ByStartupStory     |    January 13, 2026

IvyCap Ventures has led a $6.7 million funding round in Spector.ai, an Indian AI-powered analytics platform revolutionizing enterprise decision-making across supply chain, finance, and operations.

The round also attracted marquee participation from existing investors including Blume Ventures and angel investors with deep sector expertise. This capital injection values Spector.ai at over $50 million post-money, fueling platform expansion and international go-to-market acceleration.

AI That Turns Data Chaos into Actionable Foresight

Founded in 2023 by IIT alumni Rohan Gupta and Priya Sharma, Spector.ai tackles the “data graveyard” problem plaguing 80%+ of Indian enterprises. Legacy BI tools generate endless dashboards, but executives need predictive insights that drive revenue or cut costs immediately.

Spector.ai’s no-code AI agents ingest siloed data from ERP, CRM, logistics systems, and spreadsheets, then deliver real-time scenario simulations: “What if raw material prices rise 15%?” “Shift production to Factory B?” “Delay supplier payments by 30 days?” The platform auto-generates impact forecasts across cash flow, inventory, margins, and delivery timelines.

Early adopters – mid-market manufacturers, logistics firms, and retail chains – report 25-40% working capital efficiency gains within 90 days. Unlike Tableau/PowerBI’s visualization focus, Spector.ai prioritizes causal inference and prescriptive recommendations.

Funds Target Product-Market Scale

IvyCap’s investment will supercharge three growth vectors:

Vertical AI Agents: Purpose-built models for auto-component makers (yield optimization), CPG firms (demand sensing), and 3PLs (dynamic routing). Each agent learns industry physics – from steel pricing cycles to monsoon-impacted trucking yields.

Enterprise-Grade Infrastructure: Multi-tenant SaaS with sub-200ms query response, GDPR/SR 2.0 compliance, and seamless API integrations with SAP, Tally, Zoho, and custom ERPs dominating India Inc.

Global GTM: US/SEA pilots with $100M+ revenue firms, leveraging India-cost advantage (platform at 1/5th price of Palantir/ThoughtSpot equivalents).

IvyCap Partner Neelesh Talathi called it “AI infrastructure for India’s $5 trillion economy,” noting Spector.ai’s 300% ARR growth from 30 blue-chip logos.

Perfect Storm: IndiaStack + AI Maturity

Spector.ai rides three tailwinds:

• IndiaStack APIs: Aadhaar, ONDC, and Account Aggregator unlock real-time enterprise data flows.

• SME Digitization: 60 million+ businesses graduating from Excel to cloud, but lacking AI literacy.

• Capex Discipline: Post-IPO boards demand working capital ROI >20%, fueling analytics spend.

Competitors sell dashboards; Spector.ai sells outcomes – 12% EBITDA lift, 30% inventory reduction, 18% faster cash cycles. Early wins with Godrej, JK Tyre, and TVS Supply Chain validate the playbook.

Path to Category Leadership

With IvyCap’s enterprise Rolodex and fresh runway, Spector.ai targets $20 million ARR by 2027 through land-and-expand with $50-500 crore revenue firms. Series B by late 2026 could propel valuation past $200 million as global expansion proves unit economics.

In India’s AI gold rush, Spector.ai occupies the profitable “boring but essential” intersection of supply chain + finance – where every percentage point compounds to hundreds of crores annually.

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