Exfinity Venture Partners, a Bengaluru-based venture capital fund formed by IT veterans TV Mohandas Pai, V Balakrishnan V, Girish Paranjpe and Deepak Ghaisas, made its first investment in the analytics space by investing Rs 12 crore in IQLECT, a start up which operates in data and analytics.
“Being an early stage startup, we got full support from Exfinity team at various stages of our engagement. Exfinity partners are proven industry leaders and come with deep technology experience that has helped us draw confidence during the entire process,” said Sachin Sinha, founder and CEO of IQLECT.
IQLECT allows enterprises to leverage big data to drive dynamic, effective and real-time decision making by integrating the data insight with the business in real-time manner. According to the company, the convergence of necessary software and hardware in one box makes the proposition highly scalable, cost effective, easy to integrate and accelerates “time to market” for enterprises.
“Businesses are trying to leverage real-time data insights to offer customer experience and compete. Further the staggering growth of IOT and e-commerce would create a near insatiable need for real time analytics.