Finarkein Analytics, a Pune, India-based data analytics startup, has raised $4.75 million in a Pre-Series A funding round.
Investors
The round was led by Nexus Venture Partners, with participation from existing investors, including IIFL’s Fintech Fund, Eximius Ventures, and prominent angel investors like Nitin Gupta (founder of Uni) and Chirag Jain (CEO of Ashika Group).
Founded in 2006, Nexus Venture Partners is a venture capital firm with $2.6 billion under management. They support product-first companies, partnering with founders from inception through growth stages, and focus on enterprise software in the US and digital businesses in India.
Finarkein Analytics Use of Funds
The company will use the funds for product development and expansion.
About Finarkein Analytics
Founded in 2019 by Nikhil Kurhe and Dheeraj Kumar, Finarkein Analytics is a SaaS company that provides a data analytics platform for digital service providers. The company focuses on offering data-driven solutions through its B2B SaaS (Software as a Service) and data products, enabling businesses to create and optimize data-driven workflows, enhance decision-making, and improve efficiency.
Funding Details
Company: Finarkein Analytics Pvt Ltd.
Raised: $4.75M
Round: Pre-Series A
Funding Date: August 2024
Lead Investor: Nexus Venture Partners
Additional Investors: IIFL’s Fintech Fund, Eximius Ventures, Nitin Gupta, Chirag Jain
Company Website: https://finarkein.com/
Software Category: Data Analytics
Source: https://inc42.com/buzz/finarkein-analytics-bags-4-75-mn-to-fuel-its-open-digital-ecosystem-playbook/