VCCircle

I had missed this story. Hyderabad-based CoOptions Technologies Ltd, a pioneer in rural computing and applications, plans to raise $10-15 million via private placement for expansions within India and abroad. "We are holding negotiations with venture funding companies in India and overseas for raising $10 to $15 million in the next six to nine months," its Managing Director and Chief Executive Officer Subramanyam Yadavalli said, The Hindu Business Line reports.

What does the company do? N S Raghavan-founded Nadathur Holdings & Investments has invested in this company. This is a snippet from Nadathur's website:

CoOptions Technologies Ltd builds state-of-the-art products and offers end-to-end services in banking and financial services arenas with focus on cooperative banking and allied rural sectors. It takes technology to the ultimate beneficiary - the farmer and brings him into the stream of e-governance with products like ERP Solution for the Primary Agricultural Cooperative Credit Societies and integrated Information System for Women Self Help Groups. The firm also has developed strong technology frameworks for Portals, provides e-learning solutions, and executes large-scale projects through a software outsourcing model.

The company had recently bagged a $4.74 million Project from the National Water Supply and Drainage Board in Sri Lanka. Its revenue is expected to cross Rs 10 crore this year.