DataSutram, a regulatory-technology startup providing AI-driven solutions to combat digital fraud in the financial sector, has raised $9 million from a Series A fundraise co-led by B Capital and Lightspeed, and with participation from LetsVenture.

Xander Law advised Data Sutram on this fundraise.

CMS INDUSLAW advised lead investor B Capital.

The transaction team was led by Winnie Shekar (Partner), with support from Rajat Jain (Principal Associate), Aditya Kumar (Senior Associate), Harsha Tiwari (Associate), Arnab Chakraborty (Associate) and Khushi Vardhan (Associate). They were assisted by the following:

Corporate Secretarial Team: Ruhi Jain (Executive Director), Praveen Hedge (Manager), Samiksha Nayak (Executive) and Sri Anjana S (Executive).

Tax Team: Lokesh Shah (Partner), Gaurav Goyal (Principal Associate), and Aarya Jha (Associate).

TMT Team: Naqeeb Ahmed (Partner), Srika Agarwal (Associate) and Riya Saraf (Associate).

Shardul Amarchand Mangaldas & Co advised lead investor Lightspeed.

The transaction team was led by Manish Gupta (Partner), and consisted of Rashi Singh (Principal Associate) and Vivek Shekhar Tiwari (Senior Associate).

Clarence & Partners advised LetsVenture (LV Angel Fund). The Firm acted as legal counsel to LV Angel Fund, leading the negotiation and execution of definitive agreements and advising on the transaction.

The transaction was led by Neha Thakur (Associate Partner).

Founded in 2018 by Rajit Bhattacharya, Aisik Paul, and Ankit Das, Data Sutram is building AI-first infrastructure to detect and prevent fraud—starting from onboarding and soon expanding into transaction-level monitoring. Their platform leverages over 250 alternative data sources to help financial institutions reduce risk, flag suspicious behavior, and improve decision-making.

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