YNOS Venture Engine raises Rs 2.5 crore

CHENNAI: IIT-Madras incubation cell startup YNOS Venture Engine has raised around Rs 2.5 crore ($350,000) in seed funding from business leaders Polaris' Arun Jain, Cognizant's Lakshmi Narayanan, Sarath Naru, Prashanth Prakash, Madan Padaki, M Srinivasa Rao, Shalini Chhabra and others.
YNOS is a business intelligence and analytics platform for India’s innovation and startup ecosystem. YNOS said it selectively approached individual investors passionate about enabling the early-stage ecosystem, inviting them to invest.
YNOS leverages technology, data science techniques and marker analytics to provide customized insights and recommendations to startup founders, venture investors, innovators, and other stakeholders. They have already on-boarded 83,460+ startups, 5,600+ Angels and 1,500+ VCs & Networks as part of their exhaustive intelligence.
The funding received will be used to further scale technology investments and strengthen ongoing business development activities.
“Our mission is to create a fundamental impact on early-stage ventures through our unmatched intelligence on the startup ecosystem. Most importantly, we target the big systemic challenges at the bottom of the startup pyramid," Thillai Rajan A, professor-IIT Madras and co-founder YNOS Venture Engine, said.
Rishikesha T Krishnan, Samit Jain, Praveen Joseph, ZAR Business Partners LLP, Rickson Rodricks, Ajit Thyagarajan, Siddharth Ram Athreya and Naresh Ranwah are a few other investors.