Datazip, a data engineering startup based in Bengaluru, has secured $1 million in a seed funding round led by Equirus InnovateX Fund. The investment, which amounts to approximately Rs 6 crore, is a significant milestone for the startup. Datazip was co-founded in 2022 by Sandeep Devarapalli, an IIST and IIM Ahmedabad alumnus and former Space Scientist at ISRO; Shubham Baldava, an NIT Jamshedpur alumnus with over six years of experience working with three unicorns; and Rohan Khameshra, an IIT Kharagpur graduate who was a founding data team member at Rapido and Khatabook.
The founders aim to build composable lakehouse platforms that increase data engineers’ productivity by 10 times. The startup is dedicated to empowering data engineers to maximize their data assets by providing a suite of tools designed to meet the dynamic needs of the data ecosystem. This helps organizations optimize workflows and gain real-time insights.
Within just 12 months, Datazip has achieved product-market fit and onboarded 15 clients, with plans to grow tenfold over the next year.
datazip’s strategic seed funding milestone
Sunder Nookala, a representative from Equirus InnovateX Fund, expressed strong belief in Datazip’s vision, stating, “We are delighted to partner with Datazip in their mission to make data engineers 10x more productive.
Their deep understanding of data engineering challenges, coupled with a clear vision, is what drew us to the founders. We believe their platform will become an essential tool for any data-driven business.”
Sandeep Devarapalli, Co-founder and CEO of Datazip, added, “We are excited to partner with Equirus InnovateX Fund and grateful for their belief in our vision. With the adoption of open data formats and technologies like Apache Iceberg, Datazip aims to lead this transformative wave.
Our goal is to empower data engineers, enhancing their productivity, and this investment is a crucial step towards realizing that mission.”
The data lakehouse platform market, currently valued at $11.1 billion, is projected to grow at a CAGR of 22.9% from 2023 to 2033, reaching $66.6 billion. As demand for efficient data management solutions and AI and machine learning applications increases, Datazip is well-positioned to capture a significant market share. With this strategic investment and partnership, Datazip continues to solidify its influence in the data engineering landscape, advancing rapidly towards its goal of transforming the way businesses manage and utilize their data assets.
