CONNAUGHT PLACE, India -- iData Insights, a internet product start-up has raised Series A funding of 2 million USD from Think Tank Advertisers LLC, a UK based Venture Capitalist Firm. It closed the deal last weekend over a cup of hot coffee and chilling weather here in Delhi. From its humble beginnings, it emerged as one of the major service provider in the fields constituting of Indian Energy Sector.
The founder’s vision is to identify and solve the problem of data shortage to make critical decisions.The investments will be used for the scaling up and growing the team. On the investments the CEO of the company Mr. K Venkat Kameshwar said that “Our mission is to see that the data we provide is of authentic value and serves the purpose of the clients. It is our ongoing strategy to get an appropriate mix in our funding maturities and increase our banking relationships in anticipation of the opportunities that lie ahead in the field of Online Databases and Market Research. iData Insights services have already helped many companies take informed and better decisions. The investments are an opportunity for us to scale our web infrastructure and grow our team”.
“Our investment is driven by an impressive founding team and their insightful use of analytics and data to help corporate make justifiable decisions” said Jagmohan Singh Sethi, Managing Director of Think Tank Advertisers LLC.
The current funding comes at a time when iData Insights services are poised to grow and expand its distribution reach to many government based and private based companies.
There are several other players in the Market Research and Online Database space. So, what really worked for iData Insights? “Besides accuracy and authenticity of the data provided we concentrated on the price factor which when compared to our competitors is half of what they charge and this turned out to be a huge differentiator for us” says Mr. K.Venkat Kameshwar.
One of their key learning’s has been that to be really successful in this space one needs to concentrate on client interaction more than just providing online databases and market research. The client development is an important factor which they have learned early on.
About iData Insights:
iData Insights which operates under Precision Research and Consulting Private Limited is a marketing research consulting firm. Its efforts help companies to create and improve products and services based on what the market desires. We conduct both primary and secondary research. Our work does not end with research. We provide actionable recommendations and provide our expertise for business success today and tomorrow. It is our goal to be a partner to our clients in the exploration and discovery, and then be their guide in the implementation of changes that will make a difference to their bottom line.
The team of highly trained syndicated research analysts creates research reports, newsletters, magazines, directories and online databases which provide customers with broad technical and market trends in the energy sector. Their research and competitive and market intelligence studies provides specific in-depth intelligence to ensure that customers succeed in their undertaking.
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