PE-VC Fund Investments
Financial ops automation enabler Bluecopa raises Rs.65-Cr from Blume Ventures, others
Hyderabad-based finance operations (FinOps) automation platform Bluecopa is to raise INR 64.7 crore (around USD 7.35 million) in a series A round led by Valorshield Pte Ltd -Analog (contributing INR 38.8 crore or USD 4.4 million), with participation from existing investors Blume Ventures and Dallas Venture Capital contributing INR 12.93 crore each.Founded in 2021 by Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, Bluecopa uses AI and data analytics to help CFOs automate and optimize financial operations. Its cloud-native platform offers a unified system for modern finance teams that are claimed to enable autonomous processes that streamline workflows and improve overall efficiency.
Between Jun 2022 and Jul 2024, Bluecopa had attracted about USD 4 M from Blume Ventures, Good Capital, Speciale Invest, Dallas Venture Capital, SiriusOne Capital, Z Nation Lab and others.For FY24, Bluecopa had reported about INR 0.05 Cr in Operating Income and about INR 7 Cr in Net Loss.
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