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April - 2014 - issue > Venture Beat

Germin8 Raises Rs.18 Crore in Series A Funding Jewellery e-tailer BlueStone Raises 60 Crore from Kalaari Capital

SI Team
Saturday, April 5, 2014
SI Team
Big data analytics company Germin8 raises `18 Crore in Series-A funding from Kalaari Capital. Headquartered in Mumbai, Germin8 is focused on building products that enable organizations to make better decisions based on insights drawn from analyzing unstructured data. Since the launch of its first product in 2012, the company has leveraged its proprietary technology platform and algorithms to build and reinforce its position as a leading big data analytics firm.

Germin8, through its proprietary tools, helps companies make more informed decisions in real time, based on what their stakeholders are saying in the public domain including social media and news, and in company owned sources like emails and chats. "This is an important milestone for Germin8. Since our launch in 2012, we have been adding value to our customers in India by delivering action able insights and analytics. With this investment by Kalaari Capital, wehope to make our technology available to companies outside India as well,even as we aim to consolidate our position as a significant analytics player in the Indian market," says Ranjit Nair, CEO, Germin8.

The company plans to use these to strengthen Germin8's position in India through increased sales & marketing, and fuel its foray into international markets. A significant portion of the funds will also be deployed for R&D and new product development."We believe that in a competitive, evolving landscape, Germin8 has all the ingredients to be a global player especially because of the strength and flexibility of its technology platform, and its strong focus on innovation and customer satisfaction," says Kumar Shiralagi, Managing Director, Kalaari Capital.

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