Indus Insights, a leading data science and analytics consultancy, raises growth capital funding

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Indus Insights raises growth capital

Organizations can unlock tremendous value using data science and analytics, and the untapped potential in space remains immense. This capital injection will help us seize this opportunity more quickly

Indus Insights, a leading data science and advanced analytics consultancy, has announced a new round of funding. This investment of approximately INR 50 Cr ($6 million), a mix of primary and secondary transactions, was made by Helix Investments – an India-focused private equity firm. Helix is ​​known for providing capital and strategic support to growth-stage organizations and has invested in several Indian companies in the past, particularly in the technology services sector.

“Organizations can unlock tremendous value using data science and analytics, and the untapped potential in the space remains immense. This injection of capital will help us seize this opportunity faster – fueling the growth of our team. in India, helping to expand our senior executive pipeline and accelerating the ramp-up of our presence outside of India, particularly in North America,” said Saurabh Sharma, co-founder and CEO of ‘Indus Insights.Commenting on the arrival of Helix Investments, Neha M Sharma – Co-Founder and COO – added: “Helix has that rare combination of savvy investment professionals with senior management that has decades of experience running their own businesses.They take a long-term view of their investments and have a very successful track record of investing in profitable, high-growth businesses. issance. We are excited to build the next phase of Indus Insights with them.

With this investment round, some of the company’s early institutional investors, including Unilazer, have successfully exited. At the same time, many angel investors continue to remain invested given the strong and consistent growth – Indus has demonstrated an attractive revenue CAGR of 50% over the past 6 years, while maintaining healthy profitability throughout.

Indus Insights was started by IIT Bombay alumni Saurabh Sharma and Neha M Sharma, who worked in the financial services and strategy consulting industries in the United States before founding the company. Indus Insights became operational in 2011 and over the last 11 years has developed a specialization in the use of analytics in the BFSI (Banking, Financial Services and Insurance) sectors. The management team has deep industry experience, having worked at companies such as Capital One, Bain & Co, Oliver Wyman, Citibank and Discover. The company prides itself on building an industry-leading team of analytics professionals by hiring the best and the brightest, then training them extensively. This combination of industry expertise and world-class talent has helped Indus Insights become the preferred data science and analytics partner for many leading and innovative companies around the world. The company has customers on four continents, including large banks, fast-growing fintech and insurance companies, as well as specialty lenders and other payments businesses. Indus adds value to these customers in areas such as credit risk management, marketing analysis, fraud identification, price optimization and customer management.

Indus now has over 100 people, with offices in Gurgaon and Bangalore, and another office to come in Wilmington, DE (USA). The company has grown at all levels at a rapid pace. It was in the news last year for the hiring in large numbers from IITs – India’s prestigious engineering colleges. In 2021, Dr. David Bergeron – a financial services consulting veteran – joined the leadership team as Executive Vice President. More recently, Mrs. Saumya Gupta also joined the management team as Human Resources Manager.

Speaking of the investment, David Danziger, Managing Member at Helix Investments USA, said, “We are delighted to partner with Saurabh and Neha for the next phase of growth for Indus Insights. They are experts in the field who have built a strong global franchise in the field of financial analysis. We have been impressed with the company’s high rate of customer satisfaction and retention, thanks to world-class delivery and quality standards. The company has a rigorous, in-house designed hiring system that ensures that only the best and most suitable candidates are hired. Indus Insights is an organization of choice in top educational institutions across India, and this record has greatly boosted customer confidence and our trust in them. We are happy that Saurabh and Neha have chosen us as they too are looking for a long term partnership. Our proprietary capital allows us to be patient as we are under no pressure to return capital to anyone.

“Analytics services, like other knowledge services companies, can feel like a cluttered space. At Helix Investments, however, our goal is to invest in niche businesses that differentiate themselves from the competition and add real value to clients. Indus Insights is one such company within analytics services. This fits with our strategy of investing in niche IT/ITES businesses, which has so far been successful with investments in LearningMate, Netscribes and Network Intelligence. said Varun Didwania, Director at Helix Investments India.

About Indus Insights

Indus Insights is a data science, machine learning and advanced analytics services organization. The company develops sophisticated predictive models, designs machine learning algorithms and creates data-driven trading strategies for its clientele, while acting as an extended analytics team. Indus Insights focuses on the BFSI sectors, where it assists its clients specifically in customer acquisition, credit risk and fraud management, pricing and customer management. Its customer base is spread across the US, UK, Australia, Singapore and other countries, and includes some of the world’s largest banks and payment companies, Fintech companies, credit unions, specialty lenders and insurance/InsurTech companies. Indus Insights’ clients include two of the world’s largest banks, one of the top five providers of consumer installment loans in the United States, one of the Big Four banks in Australia, one of the largest U.S. fuel card and workforce payment products company, one of the UK’s fastest growing automotive Insurtech companies and a top ten global payment gateway. Indus is led by experts in the financial services and consulting industries, with experiences at Capital One, Bain & Co, Oliver Wyman, Citibank and Discover. Indus Insights is headquartered in Gurgaon, India, and has a satellite office in Bangalore, India, with an upcoming US office in Wilmington, DE. More information about the company is available at http://www.indusinsights.com and at https://www.linkedin.com/company/indus-insights/.

About Helix Investments

Helix Investments is a family-owned, India-focused private equity investment firm. It usually invests between $5 and $15 million in any business. Helix is ​​backed by US-based Culbro LLC, the private investment firm of the Cullman and Bloomingdale families. Unlike most private equity funds, Helix investments have no expiration date. It provides growth capital and strategic support to small and medium enterprises. His previous investments in India include Mahesh Tutorials, LearningMate and Netscribes. She continues to hold investments in Network Intelligence and Dentzz. More information about Helix Investments is available at http://www.helix-investments.com.

Dexter Capital acted as exclusive advisor to Indus Insights and existing investors on the transaction.

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