A startup that calls itself ‘Google Maps for business growth’ raises $15 million from Elevation Capital and others

• Elevation Capital, Jungle Ventures, Enterprise Freeway, and over 25 angel traders, advisors, founders, and CXOs of marquee expertise firms have participated on this spherical.
  
• Drivetrain will use the funds to speed up product growth and broaden its go-to-market group.
  
• The corporate was based in 2021 by Alok Goel, Tarkeshwar Thakur and Saurav Bhagat.

Drivetrain AI Included, a monetary modelling platform on Wednesday stated it raised $15 million in a recent funding spherical. Other than Elevation Capital, Jungle Ventures, and Enterprise Freeway, over 25 angel traders, advisors, founders, and CXOs of marquee expertise firms have participated on this spherical.

Buyers Akshay Kothari from software program Notion; Khadim Batti and Amit Sharma of SaaS platform Whatfix; Krish Subramanian and Karthik Srinivasan from income administration firm Chargebee; Kushal Nahata of supply platform FarEye and Niranjan Sivan from software program agency Freshworks additionally participated within the spherical.

The startup that helps companies scale and obtain their targets predictably, was based in 2021 by Alok Goel, Tarkeshwar Thakur and Saurav Bhagat.

“Drivetrain is like Google Maps for enterprise development. It helps construct plans, informs you whether or not you’re on monitor, and simplifies course-correction. Many leaders handle their enterprise plans and multimillion-dollar budgets on spreadsheets which can be cumbersome and error-prone. Gauging your corporation well being in real-time and making use of course corrections is unattainable on spreadsheets,” stated Goel, co-founder and CEO of Drivetrain.

Drivetrain’s platform helps finance groups construct built-in plans, budgets and forecasts, monitor their progress in opposition to targets, and establish bottlenecks to development. The platform integrates with over 200 widespread enterprise instruments resembling Salesforce, Netsuite, Quickbooks, Workday, and Looker.

It should use the funds to speed up product growth and broaden its go-to-market group, the corporate stated.

The platform additionally gives options like monitoring real-time funds versus actuals, modelling what-if eventualities, and root trigger evaluation, to call a couple of.

“Right now, finance groups spend as much as 4 weeks each quarter monitoring key enterprise metrics and producing stories for his or her stakeholders. You’ll be able to’t make selections on such stale information,” stated Deepak Gaur, Companion at Elevation Capital.

Elevation Capital has been investing in India since 2002 deploying nearly $2 billion of capital in over 150 firms.

“We’ve got struggled to place collectively Excel sheets for portfolio firms to foretell income development, construction the go-to-market plan, and perceive levers that will have an effect on income and margin development. Spreadsheets and current instruments fail to do that in real-time,” stated Priya Mohan, Companion at Enterprise Freeway.

Enterprise Freeway is an early-stage funding fund that companions with next-generation expertise entrepreneurs constructing from India.

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