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Norwest Venture Invests In Indian Firm

Manthan Systems said the US private equity fund has invested Rs 73.80 crore for a minority stake

US private equity fund Norwest Venture Partners has invested Rs 73.80 crore in Manthan Systems, an unlisted Indian software products company, for a minority stake, the Indian company said on Wednesday.

Manthan Systems provides business intelligence and analytics solutions for the retail and consumer packaged goods industries.

Existing investors in the company include Fidelity Growth Partners and IDG Ventures, Manthan said.

Source :businessworld.in




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