AI consultancy Navikenz raises $7.5 million led by Sekar PRC and Sudip Nandy

AI consulting company, Navikenz, has raised $7.5 million in a round led by Sekar PRC and Sudip Nandy along with participation from its existing investors.

Navikenz said in a press release that the funds will be used to grow its team and improve its technology.

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“The main aim of the funds is to ensure that we continue to invest in our team and our customers, and continue to build our frameworks and platforms,” said Anjan Lahiri, cofounder and CEO of Navikenz.

About Navikenz 

Founded in 2020 by Lahiri and Sumit Deb, Noida-based Navikenz helps businesses use AI to improve their operations and drive digital transformation. The company combines human insight with machine learning and offers solutions like RetailBOT, HR Data Analytics, Spend Analytics, and its own NaviKATOR methodology for digital transformation.

Navikenz uses a pod structure to deliver AI consulting, system architecture, and implementation services.

Navikenz says it earned over $1 million in its first year and has doubled revenue every year since. It reached EBITDA positivity in its third year and became profitable in the last quarter of that year.

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