Fidelity Growth Partners India announced that it will invest $20 million in data analytics company AbsolutData.
"We now serve some of the largest and most reputed retail, consumer goods, technology and hospitality companies, across US, Europe and Asia Pacific. This investment will enable us to further strengthen our ability to service the increasing demand from our global clients.” said Anil Kaul, CEO, AbsolutData.
As part of this transaction, Kabir Narang, director, Fidelity Growth Partners India, joins the AbsolutData Board of Directors.
“We had prioritized business analytics as an investment theme. This sector will continue to benefit from the dramatic increase in volume of data generated by consumer devices such as smart phones and tablets and the increase in computing power and storage capacity in organizations. The management team continues to invest in knowledge management and institutionalize processes that will help it scale rapidly,” Kabir Narang said.
0 comments:
Post a Comment