Econolytics
Econolytics is simple and driven to make the most efficient data analytic marketplace.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
$10.0k | Seed | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 52 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Based in Delhi, India, Econolytics operates as a curated marketplace for data analytics and business intelligence services. The company was founded in 2016, with its legal entity, Econolytics Consultancy Private Limited, incorporated on December 31, 2015. The venture was started by Pritha Datta Chowdhury, who identified a gap in the market where companies, particularly small and medium-sized enterprises (SMEs), sought to make data-driven decisions but were often hindered by the cost of resources or a lack of clear starting points. Observing these market dynamics, Chowdhury established the platform to connect businesses with experienced data science professionals for project-based work.
Econolytics functions as a B2B platform that allows companies to hire data analytics talent on a flexible basis, ranging from a few hours to several months, without the long-term commitment of a full-time employee. The business model is centered on earning a commission from each project facilitated through the marketplace. For its clients, the company provides access to a network of data scientists and engineers capable of delivering projects as a real-time transactional service. The platform aims to simplify the process of data mining for businesses by offering data analytics, project management tools, and consulting services. This enables clients to map out their projects and monitor progress, which facilitates seamless, milestone-based payments.
The services offered cater to businesses in need of specialized data expertise. The platform's core function is to assess the skills of data professionals and accurately match them to client projects. This curation is a key differentiator from more general tech gig platforms or job boards. Econolytics has received backing from investors, including empoWer and Startup Reseau. The company has also engaged in building its brand by leveraging its network to host webinars and create blog content, which helps in attracting clients.
Keywords: data analytics marketplace, data scientist network, business intelligence services, freelance data professionals, B2B data consulting, on-demand analytics talent, project-based data science, data mining solutions, SME analytics, Pritha Datta Chowdhury, data project outsourcing, hiring data analysts, analytics consulting, milestone-based payments, data engineering services, expert data network, Startup Reseau, empoWer, Delhi startup