{"id":496312,"date":"2025-01-23T10:24:16","date_gmt":"2025-01-23T04:54:16","guid":{"rendered":"https:\/\/inc42.com\/?p=496312"},"modified":"2025-01-23T12:28:28","modified_gmt":"2025-01-23T06:58:28","slug":"vunet-pockets-inr-60-cr-to-help-enterprises-streamline-digital-transactions","status":"publish","type":"post","link":"https:\/\/inc42.com\/buzz\/vunet-pockets-inr-60-cr-to-help-enterprises-streamline-digital-transactions\/","title":{"rendered":"VuNet Pockets INR 60 Cr To Help Enterprises Streamline Digital Transactions"},"content":{"rendered":"

AI-based business journey observability provider VuNet Systems has raised INR 60 C<\/span>r (around $6.94 Mn)<\/span>\u00a0 in the first close of its Series B funding round led by Pravega Ventures.<\/span><\/p>\n

The round also saw participation from Kotak securities, along with a host of existing investors, including Mela Ventures, Athera Venture Partners, Dallas Venture Capital and TVS Capital Funds.<\/span><\/p>\n

The company plans to use the fresh proceeds for global expansion and accelerate its growth in India.\u00a0<\/span><\/p>\n

Alongside it will also improve the product stack and enhance sales and marketing.<\/span><\/p>\n

Founded in 2014 by Ashwin Ramachandran, Bharat Joshi and Jithesh Kaveetil, VuNet helps financial institutions monitor and optimise their information technology operations and customer journeys. Its platform provides real-time insights by analysing data from various systems, enabling enterprises to streamline critical processes like digital transactions and deliver end-to-end visibility across complex IT ecosystems, enhancing both operational performance and customer experience.<\/span><\/p>\n

\u201cThis funding milestone marks an exciting step forward as we expand globally and pioneer a new category of business journey observability. By further integrating advanced AI, including GenAI, across all workflows of our platform\u201d, said Ramachandran.<\/span><\/p>\n

The funding comes at a time when AI has taken the world, including India, by storm. AI adoption is on the rise and this has resulted in the emergence of a number of AI-focussed platforms in the country. Not just this, these startups are also witnessing a lot of investor interest.<\/span><\/p>\n

For instance last week, Bengaluru-based <\/span>Quash raised $635K in its pre-seed funding <\/span><\/a>round led by Arali Ventures.<\/span><\/p>\n

Similarly in October 2024, <\/span>Febi.ai raised $2 Mn<\/span><\/a> from Lumis Partners, former JP Morgan executive Virender Rana, and Lenskart cofounder Amit Chaudhary.<\/span><\/p>\n

In September 2024,<\/span> Jhana.ai also raised $1.6 Mn<\/span><\/a> in its ongoing maiden funding round.\u00a0<\/span><\/p>\n

According to an Inc42 <\/span>report<\/span><\/a>, more than 100 GenAI startups call India their home. These startups have cumulatively raised more than $600 Mn since 2019. Overall, the homegrown GenAI market is expected to see a major boom in the coming years and is projected to cross the $17 Bn mark by 2030.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

AI-based business journey observability provider VuNet Systems has raised INR 60 Cr (around $6.94 Mn)\u00a0 in the first close of…<\/p>\n","protected":false},"author":86221,"featured_media":496314,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"title":"VuNet Pockets INR 60 Cr To Help Enterprises Streamline Digital Transactions","image":"https:\/\/inc42.com\/cdn-cgi\/image\/quality=75\/https:\/\/asset.inc42.com\/2025\/01\/Untitled-design-97.png","author_url":"https:\/\/inc42.com\/author\/garima-ranjan\/","author_name":"Garima Ranjan","category":"News","tags":"Internet","twitter":"AI-based business journey observability provider VuNet Systems has raised INR 60 Cr (around $6.94 Mn)\u00a0 in the first close of its Series B funding round led by Pravega Ventures.","facebook":"AI-based business journey observability provider VuNet Systems has raised INR 60 Cr (around $6.94 Mn)\u00a0 in the first close of its Series B funding round led 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