Big data analytics – the process of capturing, managing and analysing massive amounts of data to generate meaningful insights – is all set to become a $16 billion market in India by 2025, according to IT industry body Nasscom. India is currently among the top ten data analytics markets in the world, and is set to grab 32% share of the global market by 2025. There are over 600 analytical firms in India, of which around 400 are startups. Several startups have managed to raise funds from marquee investors. Bangalore-based data analytics firm MuSigma is perhaps the trailblazer, raising $211 million to reach a valuation of $1 billion. This sector has also seen a couple of acquisitions this year. Last month, e-commerce company Snapdeal acquired data analytics startup TargetingMantra, while earlier in the year, social media analytics startup Airwoot was snapped up by Freshdesk.
Here’s a list of eight data analytics startups that got funding in the last six months:
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