Crisp Analytics Private Limited, operating under the brand LUMIQ, successfully secured ₹50 crore through a Series B funding round led by Bajaj Finserv Ventures Limited. This round also saw the continued support of existing investor Info Edge. Legal advisory for Bajaj Finserv was provided by Rajani Associates, a firm renowned for its expertise in such transactions.
The legal team at Rajani Associates played a pivotal role in the process. Their responsibilities encompassed the review, revision, and negotiation of definitive agreements and other related documents. Additionally, they conducted a thorough assessment of transaction documents from previous investment rounds and advised on issues highlighted in the diligence reports. The team comprised Amish Shroff (Partner), Karen Issac (Principal Associate), and Ruchi Sethna (Senior Associate).
LUMIQ is a comprehensive data and analytics company with a focus on the Financial Services and Insurance (FSI) sector. The company excels in creating bespoke data platforms, cloud-based data warehouses, and AI/ML solutions that aid banks, insurers, and asset managers in integrating their data, enhancing data maturity, and making informed data-driven decisions.
The capital procured from this funding round is earmarked for LUMIQ’s expansion strategies, addressing the growing demands of their business and operational frameworks.
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