Innovaccer raises $15.6 million in series A funding

BENGALURU: Big data startup Innovaccer has raised $15.6 million in series A funding led by Westbridge Capital Partners.

The round also saw participation from other angel investors, including former Yahoo CTO Raymie Stata, founder of RouteScience Technologies Herb Madan and former SAIF Partners principals Rohit Jain and Mukul Singal, who invested through their new fund Pravega Ventures.

Innovaccer helps large enterprises access and manage organisational data through a dashboards using its flagship product Datashop. The company plans to use the funds to further strengthen its product, cofounder Abhinav Shashank told ET.

“Healthcare is one of the main areas where big data is being used in terms of aggregation. That is going to be our focus in future,” Shashank said.

Focused on the growing demand in healthcare sector, the company also caters to finance and retail sectors, while going forward they will also focus on manufacturing and media and telecom industry.

Founded by Abhinav Shashank, Kanav Hasija and Sandeep Gupta, the startup has offices in Palo Alto and New Delhi.

Innovaccer counts NASA, Catholic Health Initiatives, Stanford and Mass General Hospital as its clients.

A 500startup graduate, Innovaccer had last year raised seed funding in a round led by Google’s vice president for South East Asia Rajan Anandan and redBus founder Phanindra Sama.