Investment Summary

SIDBI Venture Capital Invests In Covalensedigital

On August 2, 2022, growth capital firm SIDBI Venture Capital invested in internet software and services company Covalensedigital

Investment Highlights
  • This is SIDBI Venture Capital’s 3rd transaction in the Internet Software and Services sector.
  • This is SIDBI Venture Capital’s 46th transaction in India.

Investment Summary

Date 2022-08-02
Target Covalensedigital
Sector Internet Software and Services
Investor(s) SIDBI Venture Capital
Deal Type Venture

Target

Covalensedigital

Bengaluru, India
Covalensedigital offers subscription monetization, and billing and revenue management business solutions on the cloud. Covalensedigital was founded in 2009 and is based in Bengaluru, India.

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Investor(S) 1

Investor

SIDBI Venture Capital

Navi Mumbai, India

Category Growth Capital Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

SIDBI Venture Capital Limited is a private investment firm that seeks growth oriented investment opportunities across India. In addition to early stage company commitments, SIDBI Venture will also consider growth investments in businesses with a track record of proven technology or business model. Sectors of interest include life sciences, retailing, light engineering, food processing, information technology, infrastructure related services, healthcare, logistics and distribution. SIDBI Venture Capital was formed in 1999 and is based in Mumbai.


DEAL STATS #
Overall 49 of 50
Sector: Internet Software and Services M&A 3 of 4
Type: Venture M&A Deals 15 of 16
Country: India M&A 46 of 47
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Locobuzz

Mumbai, India

Locobuzz provides its clients with in-depth detailed analytics and insights on social media properties, customers and competitors, helps clients with responding to queries, publishing content and using automation to further streamline customer experience goals. Locobuzz was founded in 2015 and is based in Mumbai, India.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-27 Serosoft

Indore, India

Serosoft helps educational institutions including universities, colleges, schools to track the entire student lifecycle, assess students and analyse results and their progress, bringing the stakeholders across the ecosystem on one platform. Serosoft was founded in 2008 and is based in Indore, India.

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