Deal Alert: Rajasthan Venture Capital Fund (RVCF) invests in Pune based SoftTech Engineers Pvt. Ltd.
RVCF has invested for significant minority stake from SME Tech Fund in Pune based SoftTech Engineers Pvt. Ltd., which is India’s leading Civil, Construction and Infrastructure ERP Software Product Company. SoftTech Engineers has array software products under the names of AutoDCR, Opticon, PWIMS. Various leading Municipal Corporation, Government Departments of Various States, Architects and Builders are using the products developed by the company in India and Gulf countries.
Commenting on the transaction Mr. Vijay Gupta, CEO, SoftTech Engineers said that “The Company has been witnessing growth from both its institutional clients including the Municipal Corporations in various States, Government Departments, etc and private markets wherein Builders and Architects and construction companies have shown demand for such software products developed by SoftTech Engineers . The capital infusement from RVCF II will help the company increase sales and marketing -specially overseas; develop new products and enhance the existing products”.
Mr.Girish Gupta CEO RVCF said that “the company has tremendous experience in Civil Construction and Infrastructure ERP Software Products and the infusement will help company to spread its wings both in new territories and product offerings. . SoftTech product AutoDCR has received excellent response from Urban Local Bodies.
As a result of this investment Mr. Girish Gupta, CEO will join the Board of Directors of company.
Rajasthan Venture Capital Fund is mandated to operate on pan-India basis. It manages two SEBI registered domestic venture capital funds - RVCF Fund I & SME TECH FUND – RVCF Trust II and invests in IT/ITes, education, healthcare, agro products, auto components and other growth sectors. For details may visit : http://www.rvcf.org
ABOUT SOFT TECH More details on SoftTech are available on its website: http://www.softtech-engr.com/
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