Docsumo, a document AI startup that helps enterprises make automated decisions from customer documents has recently raised $3.5 Million (approximately 43 crores NPR) in seed capital. The company was co-founded by a Young Nepali Data Scientist turned Entrepreneur, Mr. Bikram Dahal along with his Indian counterpart Mr. Rushabh Sheth in January 2019. The startup’s core technology is fueled by Nepal’s homegrown Data Scientists and Engineers that help businesses read financial documents automatically and make decisions based on it.

The investment round was led by Common Ocean with participation from Fifth Wall, Arbor Realty Trust, and existing investor Better Capital. The startup plans to utilize the fresh funds…


Read full article at ShareSansar.com


Leave a Reply

Your email address will not be published.


You May Also Like

Too Many Bad News in Single Day: NEPSE Loses 2.17% and Closes at 2,661.44 – |

The NEPSE index closed at 2,661.44 today after losing 58.99 points from…

Last Day to Apply for IPO of Emerging Nepal Limited – |

Emerging Nepal Limited is closing its IPO issue today. Investors have till…

IPO of Emerging Nepal Limited Oversubscribed 40.58 Times by 18,02,182 Applicants, IPO Closes on Sunday – |

Emerging Nepal Limited has issued 5,55,600 units worth Rs 5.5 crore as Initial…

Dolti Power Company appoints NIC ASIA Capital as issue manager to float shares in IPO; 4.5 MW project to go public – |

Dolti Power Company has appointed NIC ASIA Capital as the issue manager…

IPO of Emerging Nepal Limited Closes With 24,15,919 Profit-Hungry Applicants – |

Emerging Nepal Limited has closed its IPO issue today. The investment company…