Home Business INTENTS MOBI RAISES Rs 1.5 CR

INTENTS MOBI RAISES Rs 1.5 CR

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Intents Mobi, a Gurgaon based geospatial intelligence startup today announced that it has raised Rs 1.5 CR. The funding was raised on “The Barbershop with Shantanu” helmed by Shantanu Deshpande, Founder – The Bombay Shaving Company. The round saw participation from prominent executives from various organizations.

Founded by Tabrez Alam, Naresh Kumar Kachhi, Balasubramaniam S and Prakash Velusamy, the company is now 19 people strong with 13 members purely focussing on the technology development. With a small team, the company has been able to create AI based technology to process large scale data. Their engines gather and process road data worth more than 4.5 crore kilometers per day with more than 5 terabytes of image data processed each month. The company utilises a network of ‘Scouts’ which is a gig economy of over 900,000 users who contribute to the data generation for location intelligence.

Speaking on the occasion, Tabrez Alam, Founder – Intents Mobi, said, “The new funds will be utilised to ensure the continual growth of products. We shall invest in the two major aspects of the product, which are data and solutions. With this round we expect to launch 2 new products that are aimed at making location intelligence accessible to Market Research and Fleet Management companies” 

Elaborating, Shantanu Deshpande said, ‘Tabrez and Naresh are building a disruptive technology company out of India and it is very exciting for us. They have credibility as founders, knowledge of the space and drive. We are thrilled to partner with them on this journey.’

Intents Mobi will deploy the current fundraise to ensure ongoing pace in it’s continual growth. The company is also looking at raising 3 million dollars for expedited growth. Intents Mobi has some of the biggest names in various industries as their clients, including Here Maps, TomTom and Honda among others. 

 

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