| Log in

NEA-IndoUS Invests $3M In Gradatim: Report

17 December, 2009

NEA-IndoUS Ventures (NEA-IUV), a venture capital firm investing in the early to mid stage in India, has invested $3 million in Gradatim IT Ventures India Pvt Ltd in a Series A round, according to a report in Microfinance Focus. 

Bangalore-based Gradatim provides Business Process Utility (BPU) services to banking and insurance sector, especially in microfinance. 

Gradatim’s clients include MFIs, NBFCs, and insurance providers. It is also operational overseas in Australia and Singapore. 

NEA-IUV has made quite a few investments in 2008, while it was not so active in 2009. In November last year, the firm invested $5 million in Myntra.com, a platform for purchasing personalized products. 

Prior to that, Connectiva Systems Inc., a leading provider of revenue and risk management solutions for the telecommunications industry, raised $17 million in a round of investment led by NEA-IUV, while the individual investment of NEA-IUV in the company is not known. Other investee companies of NEA-IUV are PreMedia Global Inc, Attero, Seventymm and Basiz Fund Services.

 


Leave Your Comment
Reliance Venture Invests In Bangalore's Gradatim IT

Reliance Venture Invests In Bangalore’s Gradatim IT

Reliance Venture Asset Management Ltd (RVAM), the corporate venture capital arm...
NEA May Invest $375M From New Global Fund In India

NEA May Invest $375M From New Global Fund In India

Madhav A Chanchani 8 years ago
New Enterprise Associates Inc. (NEA), which raised the largest fund by a venture...
Unitus Seed Fund raising up to $25M for new fund

Unitus Seed Fund raising up to $25M for new fund

Bhawna Gupta 5 years ago
Unitus Seed Fund, a seed-stage investment group, is raising up to $25 million...
No Comments

NEA-IndoUS Invests $3M In Gradatim: Report

Powered by WordPress.com VIP