Indian Business intelligence and analytics platform YNOS Venture Engine raises USD 338K in seed round

YNOS Venture Engine, an India-based IIT Madras Incubation Cell incubated startup, has raised USD 338K (INR 2.5 Cr.) in a Seed funding round from prominent business leaders like Arun Jain, Lakshmi Narayanan and others on 11 January 2022.

Investors: The latest funding round drew participation from business leaders like Arun Jain, Lakshmi Narayanan, Sarath Naru, Prashanth Prakash, Madan Padaki, M. Srinivasa Rao, Shalini Chhabra, Prof. Rishikesha T. Krishnan, Samit Jain, Praveen Joseph, ZAR Business Partners LLP, Rickson Rodricks, Ajit Thyagarajan, Siddharth Ram Athreya, Naresh Ranwah and others.

The Objectives behind the funding: The company plans to deploy the current proceeds to further scale technology investments and strengthen existing business development activities.

About YNOS Venture Engine

Founded in 2017 by Thillai Rajan, Muthuraman Natarajan, Sangeetha Viswanathan and Pradeep Kumar Venkatarmu, YNOS Venture Engine is a technology platform for business intelligence and fundraising analytics for nascent and early-stage entrepreneurs. The YNOS platform helps to understand the startup landscape, estimate the valuation, identify the appropriate investors and obtain top-notch expert consultation, all in one place. The company has onboarded over 83,460 startups, more than 5,600 angels and over 1,500 VCs & networks as part of their exhaustive intelligence.

What the Founder has to say:

“We target the big systemic challenges at the bottom of the startup pyramid. The versatility of our smart platform makes it a relevant solution not only addressing the pain points faced by early-stage entrepreneurs but also investors, institutions and all stakeholders who want to be engaged with the startup economy in the country,” Prof. Thillai Rajan A., Professor-IIT Madras & Co-Founder YNOS Venture Engine said in a statement on Monday.

What the Incubator has to say:

“As one of India’s leading incubators with over 240 deep-tech startups, we are keenly aware of the challenges faced by early-stage technology entrepreneurs, especially in raising investment and finding matched mentors. Services offered by YNOS are addressing some of these critical issues, and I am confident that they will create a strong impact on the entrepreneurial ecosystem in this country,” said Dr. Tamaswati Ghosh, CEO, IITM Incubation Cell.

What the Investor has to say:

“Starting with the competitive landscape and investor matching, YNOS can significantly help young entrepreneurs in building their ventures. The offerings leverage insights from several years of research on Indian venture industry and use of data sciences tools and techniques,” R. Ramaraj, Angel Investor & Advisor, Elevar Equity, said.

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