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VuNet Secures Rs. 60 Crore in Series B Funding to Accelerate Global Expansion and Strengthen Product Innovation

  • The funding round was led by Pravega Ventures, with participation from existing investors Mela Ventures, Athera Venture Partners, Dallas Venture Capital, and TVS Capital Funds. Kotak Securities Limited joined as a strategic investor, further validating VuNet’s leadership in observability solutions for financial services.
  • This investment will drive VuNet’s global expansion and accelerate its growth in India and other key markets, enabling the company to continue its pioneering work with leading banks and financial institutions. The funds will also enhance VuNet's product capabilities and scale its sales and marketing operations.

National, January 23, 2025: VuNet Systems (www.vunetsystems.com), a leading provider of AI-based Business Journey Observability, has announced the first close of Its oversubscribed Series B Funding Round of Rs. 60 Crore. The round was led by Pravega Ventures with investment from Kotak Securities Limited (KSL) and strong participation from all existing investors: Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital, and TVS Capital Funds.

VuNet Systems is co-founded by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, each bringing over 25 years of extensive experience in creating deep tech enterprise products for global markets.

VuNet’s platform specializes in ‘Observability for Business Journeys’, bringing a unique and clear shift in the monitoring of IT and complex digital ecosystems. By advancing from “Operational resilience” to “Business resilience”, the platform links IT performance directly to business impact, unifying business, product and IT teams. This enhances transparency, eliminates silos, and streamlines accountability within the enterprise. Today, several large financial institutions gain real-time visibility into their payments, lending, and other critical journeys, to the tune of 20+ Billion transactions per month.

Ashwin Ramachandran, Co-founder and CEO of VuNet Systems, said, “This funding milestone marks an exciting step forward as we expand globally and pioneer a new category of business journey observability. By further integrating advanced AI, including GenAI, across all workflows of our platform—from data ingestion to actionable recommendations—we are enabling clients to gain deeper insights and deliver superior customer experiences. We are grateful for the trust and support of our investors as we take this transformative leap.”

Spokesperson, Pravega Ventures, said, “VuNet represents excellence in deep-tech innovation—a platform built entirely from the ground-up by a team of brilliant engineers in India. Their solution is critical to India’s payment infrastructure, serving as a backbone for financial institutions across the country. It is a testament to world-class engineering expertise, delivering cutting-edge solutions in business observability. We are proud to support them as they expand and continue to advance industry standards.”

Shripal Shah, MD & CEO, Kotak Securities, said, “Full-stack business observability has become mission-critical for financial institutions to ensure operational efficiency and resilience in an increasingly digital world. VuNet has a proven track record in delivering real-time visibility and actionable insights using advanced technologies like big data and machine learning. We are thrilled to support VuNet’s journey and to be part of their growth story as they expand globally and redefine observability for the financial services sector.”

According to Gartner, the IT Operations Management market represents a $81 billion opportunity by 2027. This growth is driven by the rising complexity of IT environments and the need to manage intricate digital ecosystems across hybrid clouds, ensuring system reliability, and enhancing customer experiences. In the financial services sector, Business Observability is increasingly being adopted to provide comprehensive visibility across operations, enabling faster decision-making and improved system uptime.

Observability is today not just “monitoring, observing and alerting in silos, but involves leveraging advanced AI and correlation engines to provide a holistic view of the IT landscape, spanning the enterprise and beyond its boundaries”.

VuNet has earned numerous accolades, including membership in the NASSCOM DeepTech Club and prestigious honors such as the NASSCOM AI Gamechanger Award, Emerge50 Award, and recognition in Forbes DGEMS Select 200. Additionally, the company has been acknowledged by leading global analysts.

About VuNet Systems

VuNet’s Business Observability platform, vuSmartMaps (Trademarked) is next-generation full stack observability solution built using big data and machine learning in innovative ways to monitor business journeys and improve payment experience of users. Using a unique business-centric AI approach, the platform is helping the largest Banks, Payment Gateways and financial institutions to improve their digital payments workflow and deliver a superior customer experience.

About Pravega Ventures

Pravega Ventures is an early-stage venture capital fund investing in founders at the pre-Series A and Series A stages across enterprise and fintech sectors. They back transformative ideas with the potential to redefine industries, offering more than just capital. As long-term partners, Pravega provides strategic guidance and operational support to help startups scale into category leaders.

About KSL

Kotak Securities Limited (KSL), a subsidiary of Kotak Mahindra Bank, is a full-service stock broking firms catering to retail and institutional investors across all segments of the capital market. Through a tie-up with partner brokers, the company also provides direct access to the US markets. Supported by a strong research team, robust digital trading platform, large branch network & franchisee base, and referral coordinators spread across Kona of India, KSL processes lakhs of secondary market trades every day. As of 30th September, 2024, KSL has a national footprint of 156 branches, 1,111 franchisees and satellite offices across 328 cities in India serving 51.85 lakh active client base. KSL provides a wide array of investment options in equities, derivatives (equities, commodities, currency). It also offers depository services and third-party products like insurance and mutual funds.

Media Contacts:
Bharat Joshi ([email protected])
www.vunetsystems.com

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VuNet Secures Rs. 60 Crore in Series B Funding