Data Sutram Secures $9M Series A Funding Led by B Capital

Data Sutram, an Indian RegTech startup, announced raising $9 million in a Series A funding round on May 22, 2025. The round was led by B Capital and Lightspeed Ventures.

The funding underscores Data Sutram’s strategic growth in banking and cryptocurrency, reflecting ongoing confidence in their fraud detection solutions.

Founded by Rajit Bhattacharya, Ankit Das, and Aisik Paul, Data Sutram secured $9 million led by B Capital and Lightspeed Ventures. They aim to expand into cryptocurrency and real-time payments, leveraging external intelligence in RegTech.

“I think over the last year, there has been a huge rise in fraud in the industry from a banking and financial perspective, driven by the digitisation wave and the increase in lending, digital transactions and digital account openings.” – Rajit Bhattacharya, Co-founder and CEO, Data Sutram

The $9 million boost will aid geographic expansion, especially into the Middle East and Southeast Asia. Their AI capabilities, essential for fraud prevention, are receiving significant enhancements. This positions them well for new market challenges, including in digital finance.

Historically, this marks continued investor faith following previous investments totaling $5.07 million. Data Sutram’s journey reflects strategic expansion, leveraging AI and data intelligence to tackle fraud across industries.

The startup’s AI-driven platform analyzes digital patterns to counter fraud, collaborating with major banks for identity verification in financial services. By expanding their technology into the cryptocurrency domain, they promise robust fraud prevention solutions.