Seed Funding in Execution of Vahanalytics - ToOLOwl
Thursday , October 18 2018

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Seed Funding in Execution of Vahanalytics

Seed-Funding-in-Execution-of-VahanalyticsA Mumbai based startup, Vahanalytics is a tech company that has taken steps to improve driving habits with the concept of intelligent data analysis and machine learning. The company is launched in 2016 by 4 BITS Pilani alumni Shivalik Sen, Arun Gandhi, Nikhil Tavora and Someshwar Dash. Vahanalytics operates on real-time data which shows the conditions of roads and driving habits. Using Big data’s concept, useful insights are drawn and processed from this data.

Currently, in beta version the company has increased their seed funding by $ 200,000 through Venture Catalyst made by Vikram Lakhotia and Anirudh Damani (VC angels). Apoorv Ranjan Sharma, co-founder, Venture Catalysts considers Data Analytics as an important player for transformation as this sector serves tremendous opportunities for implementation.

Impressed by the vision, the capabilities and firm determination of the team, Apoorv Ranjan decided to invest in Vahanalytics. For full concentration on this analytic platform, the team has sold their previous startup, Driven to Chennai-based Driverskart. Driven was an on-demand driver service provider for Mumbai locality. They used to offer drivers to the customers on a single click. From an on-demand driver service to driving analytics module the team has been helping to track, and training their drivers.

While doing so, they realized the need of an objective metric which not only judges driving behavior but also offers training in required area. The positive and overwhelming responses from across various industry segments over the idea of Vahanalytics, made them go into it. The system has many use cases across industries like transportation, insurance, logistics, etc. Associated with logistics industry, Vikram Lakhotia sees the startup as significant interruptions for each market sector. Vahanalytics is contributing towards improving both fuel efficiency and road conditions using smart data analytics.

The Bottom Line

With increasing transport systems in urban areas, India is the world’s capital of road accidents. Therefore, restricted by an urgent requirement for a technology solution that can improve these critical conditions. Vahanalytics is responsible for a small cost, a smart product with a high-quality service in the sector of transportation. Information provided by them includes major driving force metrics identifying dangerous drivers through the scientific analysis. It shows the drivers’ potential and proficiency in driving vehicles.

The VCat industry is contributing a major part in providing a significant and better scope for startups to incorporate technology such as Artificial Intelligence, Cyber Security, and Data Driven intelligent solutions.

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