Tuesday, August 16, 2022

India’s leading Location AI startup, GeoIQ looks to expand their team by 2X in FY’23 with global footprint in sight

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  • The organisation has achieved 10X growth in its ARR over the last 4 quarters and is on its way to registering additional 5X growth in ARR in the next 2 quarters
  • Recently raised $2.5 million in a round led by Lenskart along with existing investors 9Unicorns and Ecosystem Ventures
  • GeoIQ also plans to expand its global footprint starting with the US market and will target data teams in the financial and e-commerce sector

14th July 2022, Delhi: GeoIQ, India’s leading hyperlocal location AI startup, today announced its plan to expand its team by 2X in FY’23. These roles are primarily in line with their expansion plans across India and overseas across both leadership and mid-level positions to lead their data teams in the financial and e-commerce sector. The organisation has achieved 10X ARR growth in the last 4 quarters and is on its way to reaching 5X growth in the next 2 quarters. Founded by IIT Alumnus Data Scientists, GeoIQ currently has a team of exceptional and experienced data scientists from India. 

Tusheet Shrivastava, CTO and Co-Founder, GeoIQ, says “There’s immense potential in real-world data, of which organisations today have barely scratched the surface. We at GeoIQ are determined to change that. We are building a world-class product and working with the most advanced tools and technologies to process TBs of data and convert them into real-time insights. We are looking for people who share our passion for technology and data.”

India’s leading Location AI startup, GeoIQ looks to expand their team by 2X in FY’23 with global footprint in sight

GeoIQ addresses the market’s need for reliable data-led decision-making. Businesses are yet to exploit the location-based data that is scattered and unstructured. GeoIQ’s AI and Machine Learning capabilities harness this data to augment real-time decisions such as performance prediction, credit risk, churn prediction, fraud detection, return-to-origin etc. They are one of the first companies to develop a nocode machine learning product with its own feature store. GeoIQ’s engine identifies the ‘why’ behind the ‘where’, thus unlocking patterns in business data and their locations. 

Having collaborated with some of the fastest-growing brands in India including  lenskart, zepto, DMI finance, paytm to name a few, GeoIQ has set its eyes on global expansion starting with the US market. They have recently raised $2.5 million in a round led by Lenskart along with existing investors 9Unicorns and Ecosystem Ventures.

Ankita, Co-Founder, GeoIQ, says “At GeoIQ, we are a lean team of high performers. We are looking for agile and passionate individuals to join our mission of redefining how organisations use data across the world and shape the future of data analytics across industries.” 

Read: Apple is working on iPad Pro prototypes featuring OLED displays that will release in 2024

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Rahul Roy
Rahul Roy
I am a computer guy by profession and a sports fanatic by choice.

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