Indian big data analytics firm Axtria has raised $30 million in series C funding led by Helion Venture Partners.
The firm provides consulting, outsourcing and technology solutions to help companies make data-driven business decisions when it comes to marketing, sales and risk management.
The overall analytics services is a $20+ Billion market with plenty of headroom for growth. Axtria claims its cloud-based analytics applications have 10,000+ users.
It plans to use the funds to accelerate hiring, build a sales force, increasing marketing, develop products and expand into new verticals as well as geographies.
Sanjeev Aggarwal, Co-founder and Senior Managing Director of Helion will join the board of the Axtria.
Axtria has over 60 clients primarily based in the US from LifeSciences, Healthcare, Banking, Financial Services, Retail, CPG and High Tech verticals. Going forward, the company is looking to make a push into European markets in 2016.
Apart from Helion’s $15 mn investment in Axtria, ‘Desh’ Deshpande along with existing investors Amar Sawhney, Rick Braddock and Fred Khosravi have participated in the Series C funding.