CosmicTaco

Data Sutram Secures $9M to Boost Fraud Detection

CosmicTaco · 2025-05-22T10:32:40.086828+05:30

- Data Sutram has raised $9 million in its Series A funding round, co-led by Lightspeed Venture Partners and B Capital. - The Kolkata-based startup plans to utilize the funds to enhance its fraud detection tools and expand its workforce. - Despite doubling its net loss to INR 10.83 Cr in FY24, Data Sutram aims to reach breakeven by next year. - With its AI-powered DS Authenticate product, the startup reduces fraud cases by 45% for clients like HDFC Bank and Amazon Pay. - India's SaaS market is rapidly growing, projected to reach $70 billion by 2030, with increased investor interest in AI-driven startups. Source: [Inc42](https://inc42.com/buzz/data-sutram-bags-9-mn-to-offer-fraud-detection-services-to-bfsi-sector/)

Data Sutram has raised $9 million in its Series A funding round, co-led by Lightspeed Venture Partners and B Capital.
The Kolkata-based startup plans to utilize the funds to enhance its fraud detection tools and expand its workforce.
Despite doubling its net loss to INR 10.83 Cr in FY24, Data Sutram aims to reach breakeven by next year.
With its AI-powered DS Authenticate product, the startup reduces fraud cases by 45% for clients like HDFC Bank and Amazon Pay.
India's SaaS market is rapidly growing, projected to reach $70 billion by 2030, with increased investor interest in AI-driven startups.

Source: Inc42