Silver Lake via its growth capital fund, Silver Lake Kraftwerk, is leading a INR 250 crore funding round for a significant minority stake in Eka Software Solutions, a Bangalore-based provider of software for commodity trading. This round values Eka Software at an estimated INR 700 crore. The company has previously raised about $16 million (INR 95 crores) from Nexus Venture Partners along with Thailand-based GP Group.
The latest investment comes on the back of two global acquisitions by Eka. In July, the company acquired Australia-based commodity handling software vendor MatrixGroup and in April, it had acquired Canada-based EnCompass Technologies, a provider of energy transaction and risk management solutions.
Source: Times of India
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