Data Sutram, fintech start-up by three undergraduate students of Jadavpur University, raises funds

Data Sutram, a fintech start-up founded by three undergraduate electronics engineering students of Jadavpur University, has raised $9 million in a Series A funding round led by B Capital and Lightspeed India.

The company, which is now based in Mumbai, offers fraud detection and regulatory compliance services to the BFSI sector and counts HDFC Bank, Axis Bank, Tata Capital and Muthoot Finance among its clients.