DataWeave raises an investment round from Blume, Times, 5ideas and others
Big Data company DataWeave has raised an undisclosed amount of seed funding from Blume Ventures, TLabs (Times Internet), 5ideas Startup Superfuel, Meta Studio Advisors and a group of angels, namely Rajan Anandan, Pankaj Jain, Bharathram Thothadri, Krishna Mehra and Abhishek Gupta (DataWeave is also a Tech30 company).
DataWeave is in the business of aggregating unstructured and noisy data from a large number of sources on the web and presenting it to businesses in readily usable forms. On top of high utility datasets, they build APIs, visualizations, and analytics. On the backend, DataWeave aggregates and processes more than 100GB a day, serving around 500 million data points and growing. DataWeave operates by building products on top of their datasets and APIs that solve a bunch of related pain points pertaining to a certain segment or vertical. PriceWeave is their first major product built in this manner.
PriceWeave provides Competive Intelligence for eRetailers, brands, and manufacturers. PriceWeave is built on top of huge amounts of products data to provide features such as: pricing opportunities (and violations), assortment intelligence, gaps in catalogs, reporting and analytics, and tracking promotions and product launches. This helps businesses understand their competition better, take timely decisions, increase sales, and improve margins
DataWeave is building similar offerings for telecom, travel, and real estate verticals. Some of their existing customers include Rediff, Indiatimes Shopping, Puma, eBay, PlayGroundOnline, UrbanJourney, Jabong, OfficeYes, Paytm, Freecharge and Zigwheels. DataWeave's APIs are also being extensively used by mobile and web app developers.
Dataweave was established in 2011 by Karthik and Vikranth (read full story) and they were also a part of the TLabs Batch 1.