Internet, Investments, News, Technology

Dataweave, a data crunching startup raises INR 1.5 Cr

Data aggregation and analytics company, Dataweave had raised INR 1.5 crore in seed round of funding from Angel Investor & MD Google India, Rajan Anandan,  Blume Ventures, TLabs (Times Internet), 5ideas Startup Superfuel, Meta Studio Advisors and a group of angels (Updated).

Launched in 2011, Dataweave discovers, tracks and aggregates online public data and make it available in a structured format. It provides actionable data by aggregating, organizing, visualizing, and managing millions of data points from the Web. The data is presented to the businesses through standard APIs, dashboards and visualisations so that they can leverage it to make impactful decisions. It also provides space for mobile application developers to build their apps powered by datasets.

How it works

Through it’s crawls on the Web, it extracts & structures relevant data, and stores it. The crawler and extraction engines work in a distributed fashion helping the system scale. Then the Data is aggregated, analyzed, normalized, and represented in an easily consumable manner.

The clientele include Rediff, Indiatimes Shopping, Snapdeal, Puma, Jabong, OfficeYes, EasyRation,  Zigwheels, etc.

In 2013, the company is expected to work on introducing more datasets and APIs, more verticals—travel, corporate intelligence, additional geographies, and will also be increasing focus on developers and mobile app space and Customized Alerts.

Founders include Karthik Ramesh & Vikranth Ramanolla and the company is based out of Bangalore.

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