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August 13, 2013

Deal Alert: Zodius Capital invests $3-M in analytics firm Antuit

Zodius Capital has invested $3 million (around Rs 18 crore) in Bangalore- and Singapore-based big data and analytics company Antuit. Part of the investment has been used by Antuit, founded by Arijit Sengupta, to acquire a US-based analytics firm Marketwell in a part cash and stock deal. With this acquisition Antuit gets a presence in the US as well as access to 10 clients, of which three are fortune 500 companies. Bhargava will join Antuit as chairman. Antuit will initially target customers in CPG & Retail including E-commerce and Transportation & Logistics, with plans to build out new industry practices through strategic client relationships and acquisitions. 

Source: Business Standard
 
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