Indix
Indix has built a Products Platform that delivers product information and commerce-ready services for a fraction of the cost of alternatives. Indix combines AI with the largest collection of product data available: price, availability, and seller information, along with code-based identifiers and attributes. Businesses use the Indix Platform to improve the size and quality of their digital product catalog and develop innovative ways to buy and sell products.
Indix
Indix has built a Products Platform that delivers product information and commerce-ready services for a fraction of the cost of alternatives. Indix combines AI with the largest collection of product data available: price, availability, and seller information, along with code-based identifiers and attributes. Businesses use the Indix Platform to improve the size and quality of their digital product catalog and develop innovative ways to buy and sell products.
TL;DR
What they do: Products Platform delivering large-scale product data (price, availability, seller info, attributes) for commerce use cases
Founded: 2012
Founders: Sanjay Parthasarathy; co‑founders Rajesh Muppalla, Satya Kaliki, Sridhar Venkatesh
Total funding (reported): USD 30,890,000
Acquisition signal: Acquired by Avalara (reported)
Company Overview
Problem Domain
Product data normalization and product intelligence for e‑commerce (catalog accuracy, pricing and channel insights).
Founded
2012
Industry
Product data / commerce intelligence
Funding Track Record
8500000
Follow-on round reported to bring total capital to $14.4M at the time
6000000
Reported prior Series A amount
Early angel investors reported (e.g., Venky Harinarayan, S. Somasegar, Anand Rajaraman)
Investor Signal
“Nexus Venture Partners and Avalon Ventures (lead investors); other investors reported include Nokia Growth Partners (NGP), Tola Capital and Anthemis; angel backers reported”