VuNet Systems, a provider of AI-based business journey observability, has raised ₹60 crore in a Series B funding round led by Pravega Ventures.
The round saw participation from existing investors Mela Ventures, Athera Venture Partners (formerly Inventus India), Dallas Venture Capital, and TVS Capital Funds. Kotak Securities Limited joined as a strategic investor.
The funds raised will be used for global expansion, accelerate its growth in India and other key markets, enhance its product capabilities, and scale its sales and marketing operations.
Ashwin Ramachandran, Co-founder and CEO of VuNet Systems, said, “This funding milestone marks an exciting step forward as we expand globally and pioneer a new category of business journey observability. By further integrating advanced AI, including GenAI, across all workflows of our platform—from data ingestion to actionable recommendations—we are enabling clients to gain deeper insights and deliver superior customer experiences. We are grateful for the trust and support of our investors as we take this transformative leap.”
Spokesperson, Pravega Ventures, said, “VuNet represents excellence in deep-tech innovation—a platform built entirely from the ground-up by a team of brilliant engineers in India. Their solution is critical to India’s payment infrastructure, serving as a backbone for financial institutions across the country. It is a testament to world-class engineering expertise, delivering cutting-edge solutions in business observability. We are proud to support them as they expand and continue to advance industry standards.”
Shripal Shah, MD & CEO, Kotak Securities, said, “Full-stack business observability has become mission-critical for financial institutions to ensure operational efficiency and resilience in an increasingly digital world. VuNet has a proven track record in delivering real-time visibility and actionable insights using advanced technologies like big data and machine learning. We are thrilled to support VuNet’s journey and to be part of their growth story as they expand globally and redefine observability for the financial services sector.”
Founded in 2014 by Ashwin Ramachandran, Bharat Joshi, and Jithesh Kaveetil, VuNet Systems specializes in ‘Observability for Business Journeys’, bringing a unique and clear shift in the monitoring of IT and complex digital ecosystems.
VuNet’s Business Observability platform, vuSmartMapsTM is a full-stack observability solution built using big data and machine learning in innovative ways to monitor business journeys and improve payment experience of users. Using a unique business-centric AI approach, the platform is helping the largest Banks, Payment Gateways and financial institutions to improve their digital payments workflow and deliver a superior customer experience.
