Big Data analytics startup Goals101 announced it had raised Pre-Series A funding of $3.5 million from global venture capital firm Nexus Venture Partners. With this round, Nexus becomes a significant minority stakeholder in Goals101.
Started two years ago by Visham Sikand and Milan Naik, Goals101 provides analytics, and leverages tools like Artifical Intelligence to offer complete solutions for its clients through its ‘Alpha Platform’.
The Alpha platform is a scalable solution that sanitises, interprets and analyses data to deliver actionable insights and outcomes in real time. The platform focusses on sectors like banking, credit, consulting, and brand marketing, among others. With the launch of its custom-designed bank platform ‘Alpha for Banks’, the company intends to make the entire banking journey more personalised and automated. Speaking about the funding, Goals101 co-founder and serial entrepreneur Visham said,
“We partnered with Nexus as they understand the metrics of this business and have a global view on their investments. Post the round, which was a couple of months ago, the company has expanded heavily on its technology and data science capabilities and has also expanded to other potent geographies namely Malaysia, UAE, Qatar, South Africa and Kenya.”
Commenting on the funding, Sameer Brij Verma, Managing Director at Nexus Venture Partners said, “We believe that Goals101 is a technology disrupter redefining next-generation intelligent banking powered by transaction behaviour, location and social intelligence. Given the team and technology combination at Goals101, it’s not surprising that they have already made a mark in six countries with several banks in a matter of only two years.”
Visham, an alumnus of Harvard Business School, is on his third startup, after two successful bootstrapped entrepreneurial stints. His previous company was acquired by Aetna Inc (a Fortune 50 company), post which he was its chairman in India.