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VuNet raises $6.9m in Series B round to fuel global expansion

By Gloria Mathias

January 23, 2025

  • Financial Technology
  • fintech India
  • Fintech news
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VuNets, Fintech News, fintech Solutions, Fintech India, Series B, Financial Technology, VuNet Systems, a provider of AI-based Business Journey Observability, has announced the first close of its oversubscribed Series B Funding Round of $6.9 million (INR 60 Crore).

Pravega Ventures led the round, which included 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.

This investment will drive VuNet’s global expansion and accelerate its growth in India and other key markets. It will enable 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.

VuNet Systems was founded by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil. Each brings over 25 years of extensive experience creating deep-tech enterprise products for global markets.

VuNet’s platform specialises 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. 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.”

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