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Indix raises $4.5 mn from Nexus Venture Partners, Avalon Ventures

Indix works on big data, analytics, visualizations and applications that help product and services companies manage their portfolio. Photo: Priyanka Parashar (Priyanka Parashar) — Indix works on big data, analytics, visualizations and applications that help product and services companies manage their portfolio. Photo: Priyanka Parashar
**(Priyanka Parashar)**

1 min read . Updated: 03 Apr 2013, 05:02 PM IST Deepti Chaudhary

Indix will use the money to accelerate product development and scale up marketing and sales in the US

Mumbai: Indix, a data and analytics start-up based in Seattle and Chennai, has raised $4.5 million from venture capital firms Nexus Venture Partners and Avalon Ventures. Indix had previously raised $1.4 million from investors, including Nexus Venture.

Indix, which was founded in late 2010 and started operating the following year, works on big data, analytics, visualizations and applications that help product and services companies manage their portfolio. Indix is also building a cloud-based product for individuals in businesses around the world.

“We love that Indix is pioneering a new type of business application that is data- and insight-rich and visually appealing", said Rich Levandov, managing director of Avalon Ventures. “I think it’s going to make the life of a product manager a lot easier."

Indix will use the money from Nexus and Avalon to accelerate product development and scale up marketing and sales in the US.