AI Fintech Startup 73 Strings founded by an IIT-ISM alumnus Secures $55 Million Funding
In the sphere of innovation and creation, IIT-ISM graduates have established a distinct name for themselves. Several firms founded by students at the institution have achieved exceptional success in India and throughout the world. Sambit Parija, a 2014 B.Tech Mining Engineering graduate, has entered the league with his firm, 73 Strings.
’73 Strings’, an AI-powered financial intelligence platform, has secured $55 million (approx. ₹455 crore) in Series B investment. Major investors in the investment round included Goldman Sachs, Blackstone, Golub Capital, Hamilton Lane, and Breadman Ventures.
What Do 73 Strings Do?
It is a new fintech startup that specializes in AI-powered data collecting, monitoring, and valuation services. The organization helps its clients assess, appraise, and manage financial assets, making transactions more efficient and accurate.
Statement from Founder and Chief Product Officer Sambit Parija
Sambit Parija stated, “This money is more than simply financial assistance for us; it is gasoline to propel creativity. With AI-powered value monitoring and data extraction tools, 73 Strings is transforming private capital markets. With our language models and superior portfolio intelligence, we are developing the industry’s smartest and most tailored tools. This investment will allow us to push the limits of AI even further, offering our clients with unparalleled speed, accuracy, and transparency.”
Sambit Parija’s Journey
Sambit Parija worked as a Student Placement Coordinator while attending IIT-ISM. In 2018, he established 73 Strings. Throughout his professional career, he has held a number of crucial positions.