NEWS8 April 2013

Indix raises $4.5m in venture capital

Asia Pacific Financials

INDIA — Data and analytics start-up Indix has raised $4.5m from venture capital firms Nexus Venture Partners and Avalon Ventures.

Indix, which was founded in 2010, will use the money to accelerate producer development and scale-up marketing and sales in the US and the funding follows a previous fund-raiser that raised $1.4m.

Avalon Ventures managing director Rich Levandov said: “We love that Indix is pioneering a new type of business application that is data-rich and insight-rich and visually appealing. I think it’s going to make the life of a product manager a lot easier.”

Pictured: Indix founder and CEO Sanjay Parthasarathy