Impact Analytics secures $750K from Aarin Capital & others

BENGALURU: Business intelligence and data science company Impact Analytics has raised $750,000 led by early-stage venture capital firm Aarin Capital, which was founded by TV Mohandas Pai and Dr Ranjan Pai.

Michael Herzig, serial entrepreneur, and Ashish Lakhanpal, CEO of Kismet Capital have also co-invested as part of the fund raise.

The company provides analytics solutions across sectors including retail, financial services, education, pharma and others.

“We have a team of 55 across Bengaluru and the US. The current round of capital will be utilised for product development and to expand the team. We are focused on the business-to-business enterprise data space,“ said Prashant Agrawal, founder of Impact Analytics, previously a part of the private equity and corporate finance practice of Boston Consulting Group in India.

Impact Analytics provides a mix of strategic business consulting, data science and technology solutions.