Indian digital analytics startup, PropheSee has raised $516K in angle funding from Indian Angel Network (IAN) along with Stanford Angels and Entrepreneurs India (SA&E India). The startup will use this fund for scaling up their technologies and building their core team.
Currently, the short term plans of company is focusing on developing of more industry oriented analytics and modules as well as investing in predictive algorithms and data visualization methods. It is also planning to build further its audience listening and community management capabilities. In addition to this, the startup is also testing a new methods to evaluate consumers engagement and among others.
PropheSee is a Delhi based Software as a Service (SaaS) platform that offers competitive advantage to brands by tracking, reporting and aggregating the digital presence on different platforms of the specific brands and their competitors. Ajay Lavakare, who has led the angel funding round for IAN and SA&E India is going to join the board of directors with Sujay Shah, mentor and advisor of PropheSee. He will help the company in growing its business over the coming months.
Ishaan Sethi, co-founder and CEO of PropheSee said about the development, “Our key focus is to deliver actionable insights using big data technologies to run pioneering analytics. All companies should have access to digestible, actionable insights from their social and digital presences,”