Bluecopa Secures $1.8 Million in Pre-Series A Funding for AI-Powered FinOps Platform

FinOps platform Bluecopa raises $1.8 million in pre-Series A round

Founded in 2021, the company offers financial operations (FinOps) solutions for teams using data intelligence and automation | Representative image Bluecopa, an AI-powered finance operations automation platform, raised $1.8 million in a pre-Series A round on Wednesday, led by Blume Ventures, Dallas Venture Capital, and Venture Catalysts. The Hyderabad-based company will use the fresh capital to expand market reach, improve artificial intelligence (AI) capabilities, and advance product development. Click here to connect with us on WhatsApp Founded in 2021, the company offers financial operations (FinOps) solutions for teams using data intelligence and automation. Bluecopa caters to industries such as e-commerce, financial services, travel, logistics, and gaming. "FinOps automation is a massive opportunity globally. We are excited to partner with some of the leading venture capital firms to drive Bluecopa's growth. This funding will fuel our mission to deliver exceptional value to our customers," said Satya Prakash Buddhavarapu, co-founder and chief executive officer (CEO) of Bluecopa. The company was founded by Nilotpal Chanda, Raghavendra Reddy, and Satya Prakash Buddhavarapu, who previously established the tax management platform Optotax, which was acquired by the neobanking platform Open. More From This Section Tata Power Renewable Energy bags 400 MW wind-solar project from MSEDCL TCS signs deal with McDonald's Philippines to digitise ops at 760 outlets Reliance Infra cuts standalone external debt by 88% to ₹475 crore India presents opportunity, world moving into Indian era: Salesforce Samsung workers consider legal action as protests continue at Chennai plant Buddhavarapu's machine learning firm Tuplejump was acquired by global tech giant Apple in 2016. "We are excited to support Bluecopa's commitment to solving end-to-end finance operations challenges for enterprises. The team's deep industry expertise combined with their best-in-class product is already delivering measurable outcomes for their customers," said Sanjay Nath, co-founder of Blume Ventures. "We look forward to supporting Bluecopa with our firm's DVC Advantage program by leveraging our cross-border partner and advisor network during its next phase of growth. With its focus on innovation and customer success, we are confident that Bluecopa will enable finance teams across industries to leverage their data more effectively and create long-term value for all stakeholders," said Gokul Dixit, venture partner at Dallas Venture Capital (DVC). Also Read Chennai-based fintech Kaleidofin announces raising $13.8 mn in funding Oriental Trimex to raise Rs 48.51 crore; rights issue opens Thursday Centricity's valuation reaches $125 mn in funding round led by Lightspeed Home decor brand Nestasia raises $8.35 mn in from Susquehanna Asia VC Premium PNB Housing plans to raise up to $125 mn in Q3: MD & CEO Girish Kousgi

Bluecopa Pockets Funding To Boost AI-Powered FinOps Automation

Bluecopa's platform serves major industries like ecommerce and financial services, and is expanding its customer base with notable clients such as Yatra and Diversey. AI-powered finance operations automation startup Bluecopa has raised $1.8 Mn (INR 14.9 Cr) in a Pre-Series A funding round from Blume Ventures, Dallas Venture Capital and Venture Catalysts. With the fresh infusion, the Hyderabad-based company seeks to further boost its AI tools to help finance teams with a better visibility on future trends. Apart from this, the proceeds will also be deployed for building new software features. Founded in 2021 by Satya Prakash Buddhavarapu, Raghavendra Reddy, and Nilotpal Chanda, Bluecopa offers a cloud-native platform that leverages AI to provide a unified solution for finance teams, streamlining operations and improving efficiency. "FinOps automation is a massive opportunity globally. We are excited to partner with some of the leading VCs to drive Bluecopa's growth. This funding will fuel our mission to deliver exceptional value to our customers," said Buddhavarapu. The startup's solution caters to finance leaders from major industries like ecommerce, financial services, travel, logistics, and gaming. It claims to have added several prominent customers in the last 12 months, including Yatra, Diversey, and Eka Care. In 2022, Bluecopa raised $2.3 Mn in a seed funding round led by Blume Ventures, with participation from Titan Capital, Speciale Invest, and Bharat Founders Fund. The global FinOps market, valued at over $40 Bn, is projected to grow at a CAGR of 14.2% from 2024 to 2032 according to Global Market Insights report. This growth is mirrored in India, where 58% of finance functions globally are using AI technology in 2024, up 21% from 2023. Bluecopa works in the same space as Tally Solutions, Zoho Finance Plus, Razorpay, and Clear in the fintech and finance automation sector. In the competitive landscape, Tally Solutions expects 30-40% revenue growth for FY25 and plans expansion in the Middle East, Southeast Asia, and Africa.