Data Sutram raises $9 mn to tackle AI fraud in BFSI

Mumbai-based Data Sutram raised $9 million in Series A funding to expand its AI-driven fraud detection engine across BFSI and high-risk sectors like e-commerce and crypto. Co-led by B Capital and Lightspeed, the startup leverages alternative data to predict fraud, but faces ethical questions around surveillance, transparency, and the cost of automating trust in India’s digital finance ecosystem.