B2B SaaS Firm Data Sutram Raises USD 9 Mn Series A from B Capital and Lightspeed
The Mumbai-based startup will use the funds to expand its AI-driven fraud detection platform across new sectors and enter international markets in the Middle East and Southeast Asia.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Mumbai-based B2B SaaS startup Data Sutram has raised USD 9 million in a Series A funding round co-led by B Capital and Lightspeed.
The funds will be deployed to expand the company's fraud detection and risk intelligence platform into sectors such as cryptocurrency, real-time payments, gaming, e-commerce, and insurance, while also strengthening AI capabilities and enabling international expansion into the Middle East and Southeast Asia.
The round marks a significant milestone in Data Sutram's growth journey. The company had previously raised USD 3 million in September 2023, led by Singularity Growth Fund, and USD 2.07 million in February 2022 from Varanium Capital and Yatra Angel Network.
Founded in 2018 by Rajit Bhattacharya, Ankit Das, and Aisik Paul, Data Sutram offers a RegTech-focused AI platform that helps financial institutions combat fraud, improve customer onboarding, and reduce risk across the lifecycle of lending, payments, and insurance.
Its proprietary Trust Score analyses millions of digital footprints to detect synthetic identities, identity theft, and collusion, offering a 360-degree customer risk profile. The platform has already processed over 110 million individual identities, aiding leading banks, NBFCs, and fintechs in India in reducing NPAs and improving approval rates.
"With this investment, we're entering the next phase of our mission to build a financial ecosystem based on trust," said Rajit Bhattacharya, Co-founder and CEO of Data Sutram. "Our goal is to ensure every transaction is secure. We believe our Trust Score will eventually underwrite every transaction. This funding enables us to enhance our product, expand globally, and serve more businesses seeking AI-driven risk intelligence."
Karan Mohla, General Partner at B Capital, commented, "We view Data Sutram as a category-defining RegTech leader in India. Their ability to combine real-time analytics with external intelligence is reshaping fraud prevention and compliance."
Hemant Mohapatra, Partner at Lightspeed, added, "In a digitised financial landscape, the need for intelligent, scalable fraud prevention is critical. Data Sutram's sector adaptability and compliance-first approach make them a strong partner for global financial services."
With a growing demand for secure and intelligent fraud mitigation tools, Data Sutram is poised to redefine how institutions safeguard trust in digital transactions—both in India and beyond.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
an hour ago
- Bloomberg
Lilly's Obesity Drug Sales Rise 60% in India Amid Rising Demand
Eli Lilly & Co. increased sales of weight-loss and diabetes drug Mounjaro 60% in India in May from April in its second full month of being on offer in the South Asian country, which has the world's third-highest number of obese people. The US drugmaker sold 126 million rupees ($1.5 million) worth of the injections last month, according to market analysis firm Pharmarack Technologies. Sales of its 5 mg version more than doubled to about 75 million rupees, while revenue from the 2.5 mg shot was 51 million rupees.
Yahoo
an hour ago
- Yahoo
Is this the ultimate US growth stock to consider buying now?
When it comes to the best US growth stocks to buy, most investors have had their sights on Nvidia (NASDAQ:NVDA). The graphic processing unit (GPU) chip designer has created some of the most powerful artificial intelligence (AI) accelerator semiconductors that data centres worldwide have rushed to buy, even at an enormous premium price tag. And as a result, the Nvidia share price has skyrocketed by over 1,400% in the last five years. However in 2025, this impressive momentum's seemingly started to calm. In fact, since the start of the year, Nvidia shares have actually fallen by around 3% – a significant change, of course, compared to the 120% gain achieved over the same period last year. And that's despite Nvidia's growth continuing to fire on all cylinders. So if the financials are still improving, but the share price isn't responding, are investors looking for a potential buying opportunity? There are 64 institutional investors tracking this business right now. And the consensus is pretty bullish, with 58 issuing either Buy or Outperform recommendations. As for price targets, the average forecast among analysts is $175 per share by this time next year – or roughly 30% higher than current levels. For a $3.3trn enterprise, a 30% potential gain's pretty enormous. But it certainly doesn't sound far-fetched. After all, Nvidia currently controls around 80% of the AI chip market, forming the backbone of global AI infrastructure. And with new AI as well as gaming chips on the horizon, the company's market dominance looks set to continue. Looking at the latest first-quarter earnings report, sales were firmly ahead of analyst expectations at $44.06bn, with the all-important data centre-related sales growing by 73% year-on-year. Pairing that with continued excessive free cash flow generation and chunky profit margins, it's not hard to understand why analysts are so bullish, especially with AI still largely in its infancy. Despite delivering 73% data centre sales growth, this was actually slower than what the firm could have delivered if it wasn't for US export restrictions on China. Specifically, the company was unable to deliver $2.5bn worth of its H20 chips to China, resulting in a $4.5bn charge relating to excess inventory and purchase obligations. With demand from China not expected to return while the export restrictions remain in place, management's warned that data centre-related revenues in the second quarter will suffer an $8bn hit. The good news is there's ample demand from non-China-based customers to offset this impact in the long run. The bad news is most of the group's sales are to a small collection of hyperscalers like Microsoft, Amazon, and Meta Platforms. And should any of these decide their AI infrastructure is sufficiently upgraded or decide to switch to competing cheaper AI chips from the likes of AMD, Nvidia's strong grip on the AI market could start to weaken. Despite the trade-related challenges Nvidia's having to navigate, it remains the industry titan. Its high-performance hardware's backed up by world-class software in the form of its CUDA libraries – a technological advantage that its peers simply don't have. That doesn't mean the firm's immune to disruption. But with shares now trading at a reasonable valuation, it's a stock that definitely seems worthy of a closer look, in my opinion. The post Is this the ultimate US growth stock to consider buying now? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Zaven Boyrazian has no position in any of the shares mentioned. The Motley Fool UK has recommended Advanced Micro Devices, Amazon, Meta Platforms, Microsoft, and Nvidia. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Yahoo
2 hours ago
- Yahoo
UBS Lifts Kingsoft Cloud Holdings Limited (KC) to $14 Amid AI Growth
On Thursday, UBS analysts raised the price target for Kingsoft Cloud Holdings Limited (NASDAQ:KC) while maintaining a "Buy" rating. This confidence is attributed to the company's position as a pure-play cloud vendor with huge AI potential, anticipated to increase to over 40% by 2027, in contrast to 17% of total revenue in 2024. An executive standing in front of their headquarters building, proudly symbolizing the company's achievements. A fascinating development is the anticipated rebound in the company's public cloud segment, which is projected to achieve a 20% revenue compound annual growth rate (CAGR) by 2027. From the climbing demand for AI-powered cloud solutions, greater contributions from Xiaomi's ecosystem, and sustained growth in external clients, the reasons that explain this surge are many. Analysts also anticipate that Kingsoft Cloud Holdings Limited's (NASDAQ:KC) non-GAAP operating margin will improve, with narrow losses expected until achieving profitability by 2027. This strengthened standing is driven by higher revenue dependence on AI and enhanced cost efficiency from scaling operations. Indeed, it's AI that is backing the analysts' bullish stance. Kingsoft Cloud Holdings Limited (NASDAQ:KC) is a Chinese cloud service provider that offers cloud solutions, research and development services, enterprise digital solutions, and related services. Founded in 2012, the company aims to become clients' trusted partners and capitalize on digitalization. While we acknowledge the potential of KC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
