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Sapio Analytics has raised INR 3 crores in funding round led by ah! Ventures Angel Platform and ah! Ventures Angel Fund |
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| Sapio Analytics, a deep tech company focused on citizen livelihood enhancement, has raised Rs 3 crores in a recent funding round led by ah! Ventures Angel Platform and ah! Ventures Angel Fund. ah! Ventures has done 170 investments in 117 startups till date taking its total investment portfolio to INR 321 CR (~40 MN USD) with 15 exits and 44 follow on rounds. 17 investments have happened through all three platforms in 2023. |
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| The start-up plans to use the capital to enhance its capabilities in empathetic generative A.I., leading to improvement of its bots that interact with citizens and extract untapped information about them, eventually guiding them towards the right jobs and skills. Part of the funds shall also be utilized towards activating its 56 physical centers spread across hotspots across India. |
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| Ashwin Srivastava, CEO of Sapio Analytics, claimed that the company has onboarded more than 6.5 million citizens and targets to have 100 million citizens by the end of FY 23-24, having access to dynamic deep data about each citizen. It has initiated onboarding of clients who wish to hire and/or retain their large workforce, with clients including Everest Fleet, Eagle Security, Secure Debt, The Leela, among others. |
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| The Mumbai-based company's partners include the Government of India, Government of Maharashtra, Government of West Bengal, Government of Uttar Pradesh, Government of Kerala, Government of Delhi, Government of Telangana among others. Through these partnerships, the company gets its credible and trusted access to citizens. |
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| Once connected to the citizens, it uses its empathetic bots and patented analytical technologies, to extract often hidden information about individuals as their lifetime livelihood enhancement guide. These citizens are then connected to the right job providers and given the optimal nurturing to remain in the right jobs. |
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| “We have 3 core pillars of innovation- data extraction technologies powered by deep learning based bots, data analytics technologies powered by a combination of various machine learning models, and data privacy technologies aimed at ensuring the highest standards of privacy of data are followed. With these innovations and our physical presence through our partnerships, we hope to become the largest workforce recruitment and nurturing company in India through our product called Samarth. In addition, there are grand plans of expansion beyond Samarth. We are raising more funds through further rounds”, added Srivastava. |
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| Harsh Deodhar, Deal Lead - Sapio and Venture Partner - ah! Ventures said, “Sapio Analytics has paved an innovative and constructive pathway in the workforce recruitment industry. With over 6.5 Million Indians, the founders have successfully cracked a model helping one of the leading business and government organizations in this country. This fundraise would help the team in enhancing their product capabilities using AI and activating their 50+ physical stores. In every sense the team is capable of bringing about a necessary change at a massive scale." |
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| “The space excited us a lot. And it was wonderful to see what team Sapio has built till date. I am sure with innovation being incorporated to make people’s working life better and more meaningful will take the company on a stupendous growth path. We wish them continued success in their endeavour to make India a more productive and happier country.”, said Amit D Kumar, Partner at ah! Ventures Fund. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto INR 1 CR (~USD 150K), Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 3000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 321 CR (~40 MN USD) in 117 startups & 170 investments and have announced 15 exits & 44 follow on rounds. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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