Hyderabad November 03rd, 2023: STRAIVE, an organization that operationalize the data, insights, knowledge and AI value chain announced the acquisition of GRAMENER, an award-winning, design-led data science company. STRAIVE is owned by the BPEA EQT, part of EQT a purpose-driven global investment organization focused on active ownership strategies. STRAIVE helps the clients create differentiated customer experiences, offerings and operations by embedding unique data-driven insights and expert knowledge into digital & AI technologies which are operationalized with experts-in-loop. GRAMENER helps to solve complex business problems with the compelling data stories using insights and a low-code AI-powered platform for clients across multiple industries. AVENDUS CAPITAL PRIVATE LIMITED served as the exclusive financial advisor to GRAMENER.
Overall, NAMIT SUREKHA, President and Chief Analytics & AI Officer, STRAIVE, commented that “GRAMENER’S capabilities across the data value chain, especially their depth in AI and Data Science, complement STRAIVE’S existing data, knowledge, and operations capabilities.” Additionally, NAVEEN GATTU, Co-Founder and COO, GRAMENER, commented that “Partnering with STRAIVE allows us to offer comprehensive data services, spanning from data extraction and engineering to data science, visualization, and AI.”