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A startup calling itself ‘Google Maps for business growth’ raises $15 million from Elevation Capital and others

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  • Altitude Capital, Jungle Ventures, Venture Highwayand more than 25 angel investors, advisors, founders and CXOs from major tech companies participated in this round.
  • Drive will use the money to accelerate product development and expand its go-to-market team.
  • The company was founded in 2021 by Alok goelTarkeshwar Thakur and Saurav Bhagat.

Drivetrain AI Incorporated, a financial modeling platform, said Wednesday it has raised $15 million in a new round of funding. Separate from Amount of capitalJungle Ventures and Venture Highway have more than 25 angel investors, advisors, founders and CXOs from major tech companies participated in this round.

Investors Akshay Kothari of software Notion; Khadim Batti and Amit Sharma from SaaS platform Whatfix; Krish Subramanian and Karthik Srinivasan of the revenue management company Chargebee; Kushal Nahata from delivery platform FarEye and Niranjan Sivan from software company Freshworks also joined the round.

The startup that helps companies scale and predictably reach their goals was founded in 2021 by Alok GoelTarkeshwar Thakur and Saurav Bhagat.

“Drivetrain is like Google Maps for business growth. It helps make plans, informs you if you are on the right track and simplifies course correction. Many leaders manage their multimillion-dollar business plans and budgets on spreadsheets that are cumbersome and error-prone. It’s impossible to measure the health of your business in real time and apply course corrections to spreadsheets,” said Goel, co-founder and CEO of Drivetrain.

The Drivetrain platform helps finance teams build integrated plans, budgets and forecasts, track progress against goals, and identify growth bottlenecks. The platform integrates with over 200 commonly used business tools such as Salesforce, Netsuite, Quickbooks, Workday and Looker.

It will use the money to accelerate product development and expand its go-to-market team, the company said.

The platform also offers features such as real-time budget versus actual numbers tracking, what-if scenario modeling, and root cause analysis, just to name a few.

“Today, finance teams spend up to four weeks per quarter tracking key business metrics and generating reports for their stakeholders. You can’t make decisions about such outdated data,” said Deepak Gaur, partner at Elevation Capital.

Elevation Capital has been investing in India since 2002 and has deployed nearly $2 billion in capital in more than 150 companies.

“We’ve struggled to put together Excel sheets for portfolio companies to forecast revenue growth, structure the go-to-market plan, and understand levers that would affect revenue and margin growth. Spreadsheets and existing tools don’t do this in real time,” said Priya Mohan, Partner at Venture Highway.

Venture Highway is an early stage investment fund partnering with next generation technology entrepreneurs building from India.

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