VC Fund Investments
Business observability platform VuNet raises Rs.60-Cr led by Pravega Ventures
Bengaluru-based artificial intelligence (AI) business journey observability platform VuNet has raised INR 60 crore (around USD 6.94 million) in the first close of its Series B funding round led by Pravega Ventures. The round also saw participation from Kotak securities, along with existing investors including Mela Ventures, Athera Venture Partners, Dallas Venture Capital and TVS Capital Funds.The fresh proceeds will be used to expand the firm’s market reach across the globe, accelerate growth in India, improve product stack and enhance sales and marketing.Founded in 2014 by Ashwin Ramachandran, Bharat Joshi and Jithesh Kaveetil, VuNet offers solutions that help financial institutions monitor and optimise their information technology operations and customer journeys. The platform claims to provide real-time insights by analysing data from various systems, enabling enterprises to streamline critical processes, enhancing both operational performance and customer experience.
In Nov 2022, VuNet had raised about USD 5.13 M from Athera Venture Partners, Dallas Venture Capital, Mela Ventures, and TVS Capital.
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