Big data firm BRIDGEi2i Analytics Solutions raises Series A funding from Edelweiss Private Equity
BRIDGEi2i Analytics Solutions, a Bengaluru-based big data company, secured an undisclosed amount in Series A funding from Edelweiss Private Equity, the private equity and venture capital arm of Edelweiss Financial Services. The company, deemed as one of the ‘15 Big-Data firms to watch out for in 2015’ by YourStory last year, secured the growth capital to expand their consulting teams across India and the United States.
Edelweiss has also acquired a minority stake in the company. Pranav Parikh, the Head of Edelweiss Private Equity, will be joining the Board of Directors of BRIDGEi2i."Big Data and Analytics is becoming a critically important driver for business success across sectors globally. We are impressed by what the BRIDGEi2i team has achieved in a relatively short span of time, transforming large enterprises through their impact driven approach,” said Pranav.
Founded in 2011 by Prithvijit Roy, Ashish Sharma, Pritam Kanti Paul, BRIDGEi2i focuses on user-centric applications of big data. So, they partner with global enterprises to ensure sustainable returns on investment from analytics, by embedding decision engines into business processes and systems, and leveraging its proprietary personalisation and optimisation algorithms. It offers analytics and decision support solutions across marketing, sales, supply chain, pricing and risk management. The company has offices in Bengaluru, India, and the Bay Area, United States.
The company currently employs around 125 people. Prithvijit, Co-founder and CEO of BRIDGEi2i said, “This investment will fuel our ability to deliver greater value to customers by enabling us to accelerate the development of our machine learning-based business applications along with significant expansion of our consulting teams across India and the United States.”
“What is unique about BRIDGEi2i is their differentiated offering that blends analytics expertise with technology and a proven leadership team, which positions them well for a non-linear growth trajectory,” added Pranav.
In the five years since its inception, BRIDGEi2i has built a strong client base, including 10 Fortune 100 companies across Technology, Manufacturing, Financial Services, Insurance and Retail, and clock annual revenues of approximately $5.3 million. It has also been featured by Deloitte as ‘Technology Fast 50’ in 2015 and by NASSCOM as‘Emerge 50’ in 2014.