AI consulting company Navikenz has raised $7.5 million in a fresh funding round co-led by Sekar PRC and Sudip Nandy, with participation from existing investors. The Noida-based startup had earlier secured $8 million from Sudip Nandy and others, reflecting continued investor confidence in its enterprise AI transformation capabilities.
Funds to Expand Team and Strengthen Technology Platform
Navikenz will deploy the new capital to expand its talent base and strengthen its proprietary technology frameworks. The company plans to accelerate product development and enhance its AI consulting capabilities as global enterprises increasingly invest in automation and digital transformation.
Helping Enterprises Unlock Value Through Applied AI
Founded in 2020 by Anjan Lahiri and Samit Deb, Navikenz focuses on helping enterprises adopt AI-driven solutions to improve operational efficiency and decision-making. The company combines human expertise with machine learning to implement practical AI use cases across industries. Its offerings include RetailBOT, HR Data Analytics, Spend Analytics, and its proprietary NaviKATOR digital transformation methodology.
Navikenz operates with a pod-based consulting structure that integrates strategy, architecture, and implementation. The company currently employs around 250 professionals and has offices in Bengaluru, Noida, and Princeton, New Jersey.
Strong Enterprise Adoption and Financial Growth
Navikenz works with major global enterprises, including leading pharmaceutical, life sciences, insurance, and financial services companies. The startup reported revenue of Rs 17.2 crore for the financial year ending March 2024 and claims to have doubled its revenue annually since inception. It achieved EBITDA positivity in its third year and turned profitable in the final quarter of that year.
As enterprise demand for applied AI accelerates, Navikenz aims to scale its consulting and platform capabilities globally.
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