| Singapores’s sovereign wealth fund, Teamsek has led an investment round worth R370 Cr in big data analytics firm, Manthan Systems, buying out existing investors IDG Ventures and DFJ eVentures. Other existing investor Norwest Ventures also participated in this fourth round.
Fidelity has partially exited with this investment. The valuation of the current round is not ascertained, however reports previously pegged the latest round’s valuation to be around R5000 Cr. Manthan’s will use the investment to accelerate its focus on consumerization of technology, boost the SaaS adoption of its product portfolio, for product development and to expand its marketing footprint globally...............................................Full Article: Source
|