Udbhata Technologies, an early-stage startup that focuses on risk technologies get backed by SucSEED Innovation Fund and Jani Ventures!

SucSEED Indovation Ventures
5 min readJun 27, 2022
Udbhata Technologies, an early-stage startup that focuses on risk
technologies get backed by SucSEED Innovation Fund and Jani Ventures

Udbhata is a B2B SaaS-based platform offering Enterprise Risk Management (ERM) solutions to non-financial companies. It enables enterprises to control the risks using advanced algorithms and reports and offers real-time information support and customizable software based on their needs. It has raised Funds from Hyderabad-based SucSEED Indovation Fund, India, an angel fund focused on bringing tech innovation to the market and Jani Ventures Inc, Canada, focused on an early investment in promising tech-driven ventures.

Qoris® ERM is Udbhata’s proprietary risk management software solution focused on the non-financial sector globally, with highly innovative and first-in-class features such as the Peer Analyzer. Udbhata has filed (provisional/full patents) in US and India for a four-point reliability indicator and superimposition capability. “Qoris®” is a registered trademark of the Company in the US.

Udbhata prioritizes enterprises’ risk management efforts and builds accountability for risks in an organization and enables them to make informed decisions with alerts to foresee the emerging risks. Most of the companies in this risk management sector have developed the product as per the needs of the finance and banking industry. In contrast, this company’s SaaS-based solution is designed for non-financial companies, where the scope for innovation is higher, and First-in-class features such as the peer-analyzer, and financial reporting. It can be deployed on-premise or cloud. The company will foray into Insure-tech with the insurance module.

Udbhata allows organizations to onboard all digital assets onto one platform. It assists to submit and review all the risks and security vulnerabilities in
one place to measure the organization’s risk exposure for strategy execution and business performance.

It is founded by Anand Sampath and Vijaya Kiran Kuralla. Anand comes with 20+ years of experience in business finance, compliance, and risk management domain with Dr. Reddy, BCI, Insynergy Consulting LLP. He holds various professional degrees — CA, CWA, CIMA, and FRM. Whereas Vijaya comes 20+ years of experience implementing enterprise software management systems with ITC Infotech, Ecolab, Sun Microsystems, and Tech Mahindra. He is an IBM-certified management consultant, AWS-certified solution architect, and SAFe agile practitioner.

Anand Sampath, Co-founder & CEO at Udbhata

Speaking about the investment, Anand Sampath, Co-founder & CEO, Udbhata, “Both investors are a perfect fit for the Company. General Partners of SucSEED come from Risk, Legal and Compliance backgrounds, so they appreciate what we are building and how rapidly it can be adapted. Jani Ventures can quickly take Udbhata to international markets such as North America. SucSEED and Jani Ventures not only appreciate our space but also can help us scale Udbhata to its potential.”

He further added that “As the Company’s TAM unfolds from $3 + Bn, Qoris® and its non-traditional product road-map begin unlocking for its Clients the benefit of automation, optimization (of Cost of Risk), and finally a truly integrated risk management solution — one that combines Governance, Intelligence and decision making in one seamless architecture.”

Vikrant Varshney, Cofounder & Managing Partner of SucSEED Indovation Fund

Speaking on why they have invested Vikrant Varshney, Co-Founder & Managing Partner of SucSEED Indovation Fund, said, “In this era of changing regulations, it is imperative that enterprises are fully compliant in order to mitigate the risks. As per Grand View Research’s recent report suggests that GRC is a $40Bn market as of 2021 and is poised to grow at 14+% CAGR till 2030 and Udbhata is positioned uniquely to disrupt this GRC segment through its plug-and-play solutions for non-financial companies. Udbhata’s founders with their decades of experience in risk and regulatory compliance management, are well-positioned to take advantage of this business potential across global markets and the Asia Pacific region manifests the highest CAGR growth of 20.5% in the next 5 years.”

Parth Jani founder of Jani Ventures Inc: “Our unconventional methodology in our investment decisions are based primarily on the technology offering a solution to a clear and present issue. Udbhata, with its unique (scalable, evolutionary & pivotable) GRC solution offering does, for a very under-serviced segment of industry. We couple the business/commercial requirements with the arcane approach of analyzing the driving human component, their ability to visualize, strategize, execute, and deliver on metrics. Anand and Udbhata fit into our parameters not just as a silo investee but also as a symbiotic value add to our existing portfolio in India and the North American continent”.

About SucSEED Indovation Fund — SucSEED Indovation Fund (SIF) is an AIF Cat-1 Venture Capital Angel Fund with a ₹100 crore corpus and has grown out of SucSEED Angel Network (SAN) and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyderabad Foundation. General Partners of the Indovation Fund have 100+ years of cumulative experience within technology, fund management, and start-up ecosystem and have already invested in 60+ startups. SIF attempts to support Indian Innovation for mass needs in the following Six (6) sectors — EdTech, FinTech, Health-tech, Security & RegTech, Enterprise & MSME SaAS, and Digital Economy & Emerging Tech.