VuNet Secures Rs. 60 Crore in Series B Funding

BANGALORE, India - Jan. 23, 2025 - PRLog -- 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.

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.

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."

Read the entire press release here: VuNet Secures Series B Funding - VuNet Newsroom (https://vunetsystems.com/press/press-release-vunet-raise-...)

About VuNet Systems

VuNet's Business Observability platform, vuSmartMaps(TM) is a 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.

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. 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.