Veritas Legal advised Kedaara Capital in the acquisition of stake in Perfios Software Solutions
Kedaara Capital, a leading private equity investor is investing $229 Million (INR 1900 crores) in its Series-D funding round, through the combination of a primary fund raise and a secondary sale in Perfios Software Solutions Private Limited. This marks one of the largest investments in an Indian B2B SaaS company this year.
Founded in 2008, Perfios is a global B2B SaaS Fintech company serving the Banking, Financial Services and Insurance industry in 18 countries, empowering 1000+ financial institutions. It has a strong footprint in the Middle East and Southeast Asia and plans to deploy the funds in fuelling its continued global expansion plans in North America and Europe. The company also plans to invest in new-age technologies to enhance its comprehensive stack of Decision Analytics SaaS products to solve the entire end-to-end customer journey across banking, insurance, and embedded commerce.
Kedaara is an operationally oriented private equity firm pursuing control and minority investment opportunities in India. It currently advises / manages more than US$ 3.5 billion through investments in several market leading businesses across a variety of sectors including financial services, technology / business services, consumer, pharma / healthcare, and industrials.
Veritas Legal advised Kedaara Capital in the acquisition of stake in Perfios Software Solutions.
The team from Veritas Legal comprised of Shubhangi Pathak (Partner) and Kanisha Vora (Partner). The Transaction Team comprised of Avadhoot Potnis, Kapeesh Grover, Aashna Soman, and Gunjan Jadiya. The Diligence Team comprised of Vritti Shah, Kapeesh Grover, Madhulika Iyer and Hiral Mehta.