RaptorX, a fraud prevention software company has raised ₹4 crore in a pre-seed funding round from PeakXV Spark, EagleWings Ventures, and Point One Capital, among other marquee investors.
The round also saw participation from Lenskart Founder & CEO Peyush Bansal, Boat Co-founder & CMO Aman Gupta, and key angels (SVPs) from Google.
The funds will be used to build and enhance RaptorX’s AI and machine learning capabilities for applications in both banking and e-commerce. The company will also use the fresh funds to expand its team by bringing on key talent aligning with its mission and culture.
Some funds will be used to improve integrations with payment gateways, e-commerce platforms, and banking systems. Additionally, RaptorX will invest in customer onboarding, training, and support to encourage user adoption.
“This funding allows us to advance RaptorX’s team and capabilities to help businesses uncover unknown fraud patterns, minimize losses, and create trust with their customers. Our mission is to provide a proactive, AI-driven fraud prevention platform that transforms how industries manage risk,” said Pratyusha Vemuri, CEO of RaptorX.
“Just over the last eight months, RaptorX has not only built out an innovative solution but also has successfully completed POCs for pilot customers in banking and e-commerce. It has built a robust AI framework capable of detecting fraud rings, layered laundering, and collusion networks and has gained significant traction with a strong pipeline of key customers,” said Peyush Bansal, Founder and CEO of Lenskart.
Founded in 2023 by Pratyusha Vemuri, RaptorX operates at the intersection of Fintech, Regtech, E-commerce, and Artificial Intelligence, focusing on fraud prevention, anti-money laundering (AML), and customer risk intelligence.
The company provides predictive and real-time fraud detection, revealing hidden relationships, and enabling businesses to act proactively while ensuring compliance and operational efficiency.
RaptorX plans to expand its AI and machine learning capabilities for banking and e-commerce use cases. The company also intends to launch dedicated Anti-Money Laundering (AML) modules for payment screening and mule detection.
In the next 3 years, RaptorX plans to deepen its penetration in the e-commerce and banking markets across India and Southeast Asia. It also plans to launch new AI modules for return fraud, mule detection, and real-time payment screening.
It has already put in strategic levers to help scale to ₹200+ crore in annual revenue with a focus on ARR growth over the next few years. With these growth levers in place, RaptorX plans to expand to 50+ enterprise customers, handling over 1 billion monthly transactions.
