Bengaluru-based location intelligence platform GeoIQ has raised an undisclosed amount of funding from IP Ventures, a Gurgaon-based venture capital fund that invests in early-to-mid stage startups. GeoIQ allows firms to make critical business decision based on location intelligence or data points derived from geospatial information. It already has a client base of over 25 companies and startups across retail and logistics including Sanofi, Eko Financial, Bounce, Curefit among others. Founded in 2018 by IIT-Kanpur graduates Devashish Fuloria, Tusheet Shrivastava, and Ankita Thakur, GeoIQ founders have a combined experience in tech startups and consulting firms. We intend to utilize the funds to hire tech team members, product development and focused marketing," added GeoIQ’s chief data scientist co-founder Thakur.

Source: Mint October 09, 2019 12:11 UTC