The company plans to add 20 more cloud specialists to its existing workforce of 64 in its Chennai R&D Centre by the end of 2020.
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Quadria plans to deploy the freshly raised funds within eight years, but it has the option to extend that to 10 years. It aims for exits from investments as quickly as five years
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The investment represents a primary capital infusion into the company and is subject to shareholder and regulatory approvals.
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“Towards the end of 2018, we decided to sell our services outside India, and Southeast Asia was the first geography we zeroed in on,” said Jayant Paleti, Co-founder of Darwinbox.
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The platform offers a variety of services right from simple Income Tax Filing to outsourcing whole Legal & Accounting work for a business.
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The start-up, which makes traditional Indian foods such as Herbal Juices, Ghee and Honey, will use the funds to scale its distribution presence and build brand awareness
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With this investment the firm also plans to grow its co-development business model (“Co-Dev”), a bespoke model that Rays has pioneered in the Indian Solar Industry
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The loan amount is to be invested by Brewhouse towards expanding the reach of the brand to 10,000 sale points by 2020
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Tessol has developed solutions ranging from farm level collection to home delivery and works with the largest FMCG, food processing and e-commerce players in India
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Varun Beverages plans to provide direct employment to 350 people and indirect employment to another 1,500 in three phases
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