Sillicon Valley company, Innovaccer has raised $15.6 million funds

BENGALURU: Silicon Valley-based 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 chief technical officer 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 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.

It plans to focus on manufacturing, media and telecom sectors as well in the future. Founded by Abhinav Shashank, Kanav Hasija and Sandeep Gupta, the company has offices in Palo Alto and Delhi.

Innovaccer counts Nasa, Catholic Health Initiatives, Stanford and Mass General Hospital as its clients. A 500 Startups graduate, Innovaccer had last year raised seed funding in a round led by Google’s vice president for Southeast Asia Rajan Anandan and redBus founder Phanindra Sama.