Data collection platform Anaxee raises seed round led by Orios Venture

Data collection platform Anaxee raises seed round led by Orios Venture
Anaxee founders Govind Agarwal and Arti Agarwal
13 Mar, 2020

Indore headquartered Anaxee Digital Runners, which runs an eponymous last-mile outreach and data collection platform, has raised an undisclosed amount of capital in a seed round led by venture capital firm Orios Venture Partners.

Early-stage investor LetsVenture, angel investor network Keiretsu Forum, accelerator platform GAIN and financial services provider Swan Angel Network also participated in the round.

Through the fund infusion, the company will train its existing digital runners and develop its platform over the next 12 months, a statement said.

Founded in 2016 by Govind Agrawal and Arti Agrawal, the platform collects data from tier-2 and tier-3 cities as well as remote villages through its network of digital runners, who are persons acquainted with technology applications in last-mile communities.

The company uses the data for identity and property verification for startups and micro, small and medium enterprises (MSMEs) with operations in last-mile areas. Additionally, it also acts as a channel distributor for products and services sold by its clients.

Anaxee Digital Runners claims to have a network of 10,000 digital runners in 11,000 pin codes across 26 States. The company said that it has a roster of over 1000 clients.

“We solve access-related problems for real Bharat using technology and a last-mile partner network. We empower these local micro-entrepreneurs with opportunities in their own geography and positively impact their lives,” co-founder Govind Agarwal said.

Before Anaxee, the two Agarwals had developed a vein recognition technology for a biometrics and Aadhaar services-based venture incubated by NirmaLabs.

Founded in 2013, Orios Venture Partners invests upto $1.5 million in startups, with a target of 10-15 investments a year. Some of its portfolio companies include healthtech startups Pharmeasy, Beato and LetsMD, online car repair platform GoMechanic and dairy products startup Country Delight.

LetsVenture, founded in 2013 by Shanti Mohan and Sanjay Jha, has invested in 220 startups so far. It receives support from 6,500 investors, including micro funds and family offices, and has assets worth $19 million under management.

San Francisco-based Keiretsu Forum, founded in the in 2000 by Randy Williams, operates via a network of 52 chapters across the world. Its India investments include coffee platform Rage Coffee, edtech startup SRJNA and auto services platform GoBumpr.