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VuNet Systems Raises Rs 60 Cr In Series B Funding Led By Pravega Ventures

VuNet Systems, a digital transaction monitoring startup has raised Rs 60 crore in the first close of its Series B funding round led by Pravega Ventures.

By Jitendra Das
New Update
VuNet Systems Raises Rs 60 Cr In Series B Funding Led By Pravega Ventures

VuNet Systems, a digital transaction monitoring startup has raised Rs 60 crore in the first close of its Series B funding round led by Pravega Ventures.

Kotak Securities Limited, a subsidiary of Kotak Mahindra Bank, alongside existing investors such as Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital and TVS Capital Funds also participated in this round.

The company plans to use the funds to grow its global presence, speed up growth in India and other important markets, improve its products and expand its sales and marketing efforts.

Read also- Ati Motors Raises $20Mn Funding Led By Walden Catalyst

Ashwin Ramachandran, CEO of VuNet Systems, said “By further integrating advanced AI, including GenAI, across all workflows of our platform—from data ingestion to actionable recommendations—we are enabling clients to gain deeper insights and deliver superior customer experiences.” 

Shripal Shah, managing director and CEO of Kotak Securities, said “Full-stack business observability has become mission-critical for financial institutions to ensure operational efficiency and resilience in an increasingly digital world. VuNet has a proven track record in delivering real-time visibility and actionable insights using advanced technologies like big data and machine learning.” 

 In 2022, VuNet Systems raised $5 million in its Series A funding round led by Mela Ventures.

About VuNet Systems

The Bengaluru-based VuNet Systems was founded in 2014 by Ashwin Ramachandran, Bharat Joshi and Jithesh Kaveetil, it helps financial institutions improve their IT operations and customer experiences. 

The platform gives real-time insights by analyzing data from different systems, helps businesses simplify key processes like digital transactions and providing full visibility across complex IT systems, which boosts performance and customer satisfaction.

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