Think Analytics is a young startup focused on providing alternate data based analytics solutions, today said that it has achieved Rs 8 crore as revenue since its inception in 2014.
The company focuses on leveraging non-traditional/ alternate data assets and algorithms, such as a calling behaviour, social disposition, social media and digital footprint, browsing behaviour, usage of data and apps, and many other such sources.
Since 2014, the company has grown rapidly and currently services 10-12 clients across industries such Banking and Financial Services, Healthcare and Pharma, E-Commerce amongst others. The company presently employees 30 people.
The business has been growing at rate of 2.5-3 times (Y-o-Y) basis. The company is expected to grow at rate of 150% over the next couple of years.
Since inception, the company invested in R&D towards building these alternate data solutions and also launched a few solutions for the market. The company's flagship solution “Algo360” a comprehensive alternate data solution provides curated business insights to financial firms for instant decisions - instant lending, instant pay-later, instant offers.
Speaking on the journey of the business Mr Amit Das, Founder & CEO, Think Analytics said, “We feel that alternate data, AI and Big Data analytics can fundamentally transform the way businesses interact with their customers in real-time. Our focus is to provide a comprehensive, 360-degree insight about a customer-- be it for loans, or for product design, or for an offer. Every aha moment for a customer creates 3x the value of that transaction and also helps augment loyalty for the brand. He further added “We will continue to focus on building and offering solutions that will help us reach our long term goal i.e. building the best alternate data assets in the world.”
